Punjab, Haryana eye all time high wheat procurement
Chandigarh, Mar 31 (PTI) With wheat procurement season set to begin tomorrow, Punjab and Haryana are eyeing all time high crop procurement at 227.30 lakh tonnes, a rise of 5 per cent over last season''s purchase.
Punjab, the food basket of the country, has planned to procure record 140 lakh tonne of wheat during Rabi marketing season 2013-14.
"The wheat procurement from Punjab for the central pool has been targeted at 140 lakh tonne, which will be the all time high procurement from the state," a senior official of Food Corporation of India (FCI) said here.
Highest wheat procurement from Punjab for central pool was 128.30 lakh tonne during the last season.
Haryana has made arrangement for procuring 87.30 lakh tonnes for the central pool during the coming season. A record 87.16 lakh tonnes was procured last season from Haryana.
However, Haryana FCI officials pointed out that wheat arrival in Haryana could be around 78 lakh tonne as state farmers living in villages adjoining Rajasthan would be tempted to sell wheat in Rajasthan.
"We are expecting that Haryana farmers, whose villages share border with Rajasthan will sell about 8-9 lakh tonnes of wheat in that state as the Rajasthan government is likely to announce Rs 150 per quintal bonus over and above wheat MSP," the FCI official said.
Cumulatively, both Punjab and Haryana are eyeing wheat output of 161.59 lakh tonnes and 124 lakh tonnes, respectively for the current Rabi season.
However, "inadequate" foodgrain storage space will continue to haunt both the agrarian states with about 80 lakh tonnes of freshly harvested crop being expected to be stored in unscientific manner at rice mills, mandi yards or open space, which could be vulnerable to vagaries of inclement weather conditions.
Wheat harvesting in Punjab and Haryana is expected to be delayed by more than 10 days in view of untimely rain lashing the various parts of northern region and unexpectedly low temperature. .
RBI Chief Raghuram Rajan stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the Rupee's fall is yet to kick in.
Date 11-12-13, Duration 2:19, Views 47