FCI wheat procurement picks up, nears 120 lakh tonnes

Wheat procurement within the nation reached 119.26 lakh tonnes (lt) till April 23, in opposition to 159.23 lt year-ago, official information present. Although there’s a drop in Punjab, as a lot as 31.64 lt was purchased in final six days from April 19 for the Central Pool inventory, which signifies that the procurement is again … Read more

Rains delay India’s wheat harvest, postpone procurement

Wheat procurement by the Meals Company of India (FCI) is but to begin because of low arrival of the crop out there following latest rains which delayed the harvest. Now that Madhya Pradesh and Rajasthan each have declared bonus over and above the MSP, the focus of merchants and stockists will transfer to Uttar Pradesh … Read more