Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains, has purchased 187.86 lakh tonnes of wheat so far at Minimum Support Price (MSP) for Rs 37,852.88 crore.
Wheat procurement starts from April.
"Wheat procurement under the central pool in Rabi Marketing Season 2022-23 is going smoothly. Up to June 26, a quantity of 187.86 lakh tonnes of wheat has been procured, benefiting about 17.85 lakh farmers with MSP value of Rs 37,852.88 crore," an official statement said on Monday.
The Rabi Marketing Season (RMS) runs from April to March, while the Kharif Marketing season (KMS) runs from October to September.
Wheat procurement target has been revised downward to 195 lakh tonnes for the current 2022-23 RMS from the earlier 444 lakh tonnes due to a fall in wheat output and increased exports.
"Paddy procurement under central pool is progressing smoothly in Kharif Marketing Season (KMS) 2021-22, in various procuring states/UTs," the statement said.
Till June 26, a quantity of 860.82 lakh tonnes of paddy (including kharif crop 755.60 LMT and Rabi crop 105.22 lakh tonnes) has been procured, benefiting 125.36 lakh farmers with MSP value of Rs 1,68,720.89 crore.
While wheat is being grown only in Rabi (winter-sown) season, paddy is cultivated in both kharif (summer-sown) and rabi season.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app