India Increases Wheat Procurement Target to 34.5 Million Tonnes Amid Weather Challenges
Centre raises wheat procurement target to 34.5 million tonnes amid erratic weather
Mint
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The Indian government has raised its wheat procurement target for the 2026-27 marketing season to 34.5 million tonnes, up from 30.33 million tonnes, due to crop damage from erratic weather and increased demand from states. Key states like Madhya Pradesh, Uttar Pradesh, and Rajasthan will see significant increases in their procurement quotas.
- 01Wheat procurement target raised to 34.5 million tonnes for 2026-27.
- 02Key states like Madhya Pradesh and Uttar Pradesh see significant increases in procurement quotas.
- 03Introduction of QR code-enabled gunny bags aims to enhance traceability in procurement.
- 04Concerns over wheat output due to unseasonal rains affecting key producing states.
- 05Government aims to stabilize market availability and support farmers through assured purchases.
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The Indian government has increased its wheat procurement target for the 2026-27 marketing season to 34.5 million tonnes, up from 30.33 million tonnes. This decision comes amid concerns over crop damage caused by unseasonal rains and a higher demand for wheat from various states. Notably, procurement targets have been raised in key states: Madhya Pradesh from 7.8 million tonnes to 10 million tonnes, Uttar Pradesh from 1 million tonnes to 2.5 million tonnes, and Rajasthan from 2.1 million tonnes to 2.35 million tonnes. The introduction of QR code-enabled gunny bags aims to improve traceability and curb leakages in the public distribution system. Despite projections of record wheat output at 120.21 million tonnes, independent estimates suggest production could be as low as 110.63 million tonnes due to widespread crop damage. The government's strategy includes maintaining buffer stocks to support welfare schemes and stabilizing market availability, thereby ensuring farmers benefit from assured purchases.
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The increased procurement target aims to stabilize wheat availability in the market, ensuring that farmers receive assured purchases despite weather challenges. This could help maintain reasonable prices for consumers and secure food supplies under the National Food Security Act.
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