As per the latest data compiled by Food Corp of India, the government had 33.1 mln tn of wheat in its central pool as of Nov 1, up from 23.9 mln tn in the year-ago period,. This was almost 10 million tonnes from last due to strong procurement this year.In the season started April, the government procured 35.8 mln tn of wheat, around 16% higher on year.
The strong gains in procurement was mainly due to higher minimum support price. For the 2018-19 marketing season (Apr-Mar), the government has decided the support price for wheat at 1,735 rupees per quintal, up from 1,625 rupees from the last season.
Share in social media:
More market news:
If you have any questions, please contact us:
Leave us a message, and our manager
will contact you as soon as possible.