UP Wheat procurement falls short of target of 5.5 MT
Commodity Online | June 18 2019
UPDATED 18:50:33 IST

Saudi Arabia Eyes Total Dominance In Oil And Gas

Wild Volatility Continues As US Markets Attempt To Establish New Trend

LME issues discussion paper on development of electronic options market

Russell 2000 Gaps Present Real Targets

Metals trade lower on profit booking; oil prices extend gains ahead of inventories

Uttar Pradesh government and its agencies procured 3.6 million tonnes of wheat till June 15, the day normal procurement season concludes, as against the target of 5.5 million tonnes for the 2019 rabi marketing season, the Business Standard reported.

Last year, UP had over-achieved wheat procurement target of 5 million tonnes by procuring 5.3 million tonnes.

Several reasons have been cited by the food and civil supplies department for tepid procurement, including the recent Lok Sabha polls and competitive prices prevailing in the open market.

The state has extended the procurement window by 10 days to June 25 to facilitate more purchase and keep the open market rates competitive for the benefit of farmers.

Every year, the wheat procurement season commences on April 1 and continues for two and half months till June 15, 2019.

 



×