Punjab expects record wheat procurement this season
Chandigarh: Punjab is headed for a record wheat procurement of 140 lakh tonnes this season, officials of the state food and supplies department said here Tuesday. "Punjab is all set for achieving a new record in wheat procurement as the state government would begin the biggest ever procurement operations in the state from April 1," a spokesman of the department said here.
According to state agriculture department, 161.59 lakh tonnes of wheat production is expected this year. Bulk of the crop is expected to arrive in grain markets and procurement centres after Baisakhi, the harvest festival April 13.
Food and Civil Supplies Minister Adaish Partap Singh Kairon and Chief Secretary Rakesh Singh Tuesday held a meeting with heads of all procurement agencies here.
The state government will set up 1,770 procurement centres this time. The minimum support price (MSP) for wheat has been fixed at Rs.1,350 per quintal this time.
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 19 hrs ago, Duration 2:19, Views 26