Wednesday 1 May 2019

Punjab heading for record-breaking wheat procurement

Wheat arrivals across agrarian state Punjab have peaked to 10 lakh tonnes daily and the state is heading for record-breaking wheat procurement of 132 lakh tonnes this season, officials said on Tuesday.

Food and Supplies Department officials also admitted that there was a glut-like situation of wheat in certain grain markets with the arrival of the harvested crops much more than the capacity to lift it.

"Over 60 per cent of the crop has already arrived in the mandis (grain markets). The arrivals have peaked with more than 10 lakh tonnes arriving daily for the past 3-4 days and with the 3-5 per cent anticipated increase in wheat production, the state was heading towards a record breaking purchase of more than 132 lakh tonnes," a spokesperson for the department said.

He said that despite adverse weather conditions and untimely rains in March and April, the department had so far procured 79.66 lakh tonnes of wheat till April 29 and Rs 4,300 crore has been so far released by the Punjab government for payment to the farmers.

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