Wheat purchases top 25 million tonnes but 1.5% lower than last year

[ad_1] Wheat procurement reached 25.30 million tonnes (mt) as of May 12 against 25.682 mt a year ago, official data show. This is far away from the government’s “official” procurement target of 37.29 mt fixed for this year. Experts wonder...

Wheat procurement drops on low arrivals in Punjab, MP

[ad_1] Wheat procurement in the country has dropped 37 per cent as arrivals in Punjab are only 13 per cent so far compared with the year-ago period. However, millers and traders in the State said that low arrivals were mainly...

India’s wheat procurement may jump 30% this year as per initial trend

[ad_1] Wheat procurement by the Indian Government through the Food Corporation of India (FCI) has jumped 32 per cent within the first three days of April. The rise does not include the quantity bought last month. Though the procurement normally...

India’s rice procurement tops 45 mt but down 7% y-o-y

[ad_1] Rice procurement by Food Corporation of India (FCI) reached 45.44 million tonnes (mt) as of March 31 after the 2023-24 kharif marketing season began on October 1. This is 7.3 per cent lower from 49.01 mt procured a year...

Telangana to begin rabi paddy procurement from April 1

[ad_1] Even as it struggles to complete the milling and delivery of custom-milled rice (CMR) from last year’s rabi season, the Telangana Government will begin procuring rabi paddy from April 1 through over 7,000 procurement centres across the State.Also read:Editorial. Low...

GeM doubles procurement to ₹4-lakh crore in FY24

[ad_1] The government’s online public procurement platform, Government e Marketplace (GeM), has doubled its Gross Merchandise Value (GMV) to ₹4-lakh crore in fiscal year 2023-24, compared with the previous fiscal and a “small pilot” is now being planned to see...

Procurement through govt’s online marketplace GeM crosses ₹4 lakh crore so far this fiscal

[ad_1] The procurement of goods and services through government's portal GeM has crossed ₹4 lakh crore so far this fiscal due to higher buying activities by various ministries and departments, a senior government official said on Friday. The Government e-Market...

Centre to buy 5 lakh tonnes onion directly from farmers from April 1 at market rates

[ad_1] The Centre has decided to buy 5 lakh tonnes (lt) of onion directly from farmers from April 1 so that it ensures farmers are not stressed due to the export ban. The Government will simultaneously sell those quantities which...

Global agencies peg Indian wheat crop at 110 million tonnes

[ad_1] At least three global agencies have estimated India’s wheat production in the 2023-24 crop year around 110 million tonnes (mt), which is 2 mt lower than the Ministry of Agriculture and Farmers’ Welfare projection of a record 112.02 mt....