India’s wheat procurement for buffer stocks exceeds revised target
India’s wheat procurement reached 34.99 million tonnes by May 31, up 17% from a year earlier and surpassing the revised 34.5 million tonne target. Strong procurement follows record wheat production estimates of 120.66 million tonnes for 2025-26, despite localized weather-related crop damage.
The Indian government’s wheat procurement during the ongoing season has reached 34.99 million tonnes (mt) as of May 31, up by 17 per cent from 29.82 mt in the corresponding period a year ago. The current procurement, made by the Food Corporation of India for buffer stocks, has exceeded the target of 34.5 mt set by the government. It was initially fixed at 30.3 mt but increased in the last week of April, following demand from the States.
In 2025, the government had procured 30 mt of wheat, but it expected higher purchases after the Agriculture Ministry estimated the production at a record high of 120.21 mt.
Last week, the Agriculture Ministry has further enhanced the wheat output estimate to 120.66 mt, notwithstanding localised damage caused due to unseasonal rains and hailstorms. According to government’s third advance estimates of agriculture crops, the current projection of wheat production is higher by 2.3 per cent from 117.94 mt in 2024-25.
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Source : The Hindu Business Line
