Over 115 LMT of wheat procured so far in Punjab
Punjab has received 116.98 lakh tonnes of wheat, achieving 95.9% of its procurement target, with over 98% already purchased. However, lifting remains slow at around 50%. Trader participation has dropped sharply, while Bathinda, Sangrur, and Patiala lead arrivals during the ongoing procurement season.
Bathinda: Over 116.98 lakh metric tonne of wheat, which is 95.9% of the targeted procurement, has arrived in the purchase centres of Punjab so far this season.
On Friday, 2,85,476 MT wheat arrived in the grain markets across the state, pushing the total arrival so far this season to 1,16,98,650 MT. The govt has set an estimated procurement target of 122 LMT.
Out of the total arrival, 1,15,45,668 MT was procured by Friday evening, leaving behind an unsold stock of 1,52,982 MT in the mandis. The procurement on Friday was recorded at 3,37,364 MT.
The procurement by traders has faced a decline as they purchased only 1,16,612 MT, or 1.01% of the total purchases, this season. In the corresponding period last year, traders had purchased 7.92% of the total arrivals in markets.
The Food Corporation of India has purchased 2,23,691 MT of wheat, which turns out to be 1.93% of the total purchases so far.
Even as over 98% of grains arriving in mandis have been purchased, the lifting of procured wheat remains tardy. So far, only 57,96,935 MT or nearly 50% of procured wheat has been lifted from the grain markets; 4,44,470 MT procured grains were lifted on Friday.
Bathinda reported the arrival of a maximum 9,07,147 MT wheat, followed by 8,94,596 MT in Sangrur and 8,60,195 MT in Patiala.
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Source : The Times Of India
