Fci: Wheat crop in good state, govt purchase to be regular: FCI | India Information – Occasions of India

Fci: Wheat crop in good state, govt purchase to be regular: FCI | India Information - Occasions of India
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NEW DELHI: The present wheat crop is in good situation and procurement is predicted to be regular within the vary of 300-400 lakh tonnes within the 2023-24 advertising and marketing yr beginning March, FCI chairman and managing director Ashok Ok Meena stated on Thursday, including that the impression of the open market sale of 13 lakh tonnes of the foodgrain has cooled down mandi costs and retail costs will begin falling in every week.
In the meantime, client affairs ministry information present that the retail worth of atta in Delhi on Thursday was Rs 32 per kg, down by Rs 3 from January 24. At most centres, the worth of atta has moderated, together with Agra the place worth of atta has fallen by Rs 7 per kg and in Ghazipur (Uttar Pradesh), the worth has come down by Rs 11. In Thiruvananthapuram and Chennai, atta costs have fallen by Rs 11 and Rs 6 respectively throughout the previous one month.
Meena stated a lot of the gamers who’ve purchased the FCI wheat by means of e-auction are small and medium wholesale merchants. Officers stated it normally takes a while to transform wheat to atta at a industrial scale.
Within the wake of the federal government’s open market intervention, the typical wholesale worth of wheat has fallen by nearly Rs 600 per quintal in previous three weeks. “We’ll supply one other 11 lakh tonnes of wheat within the open market subsequent week,” Meena stated. He added the federal government has authorised FCI to dump one other 20 lakh tonnes of wheat from its buffer inventory.
The FCI chief stated even after providing this extra amount, the company may have sufficient surplus over the necessary buffer amount. Elaborating, he stated FCI may have a strategic reserve of almost 95 lakh tonnes as on April 1, which is round 20 lakh greater than the buffer inventory.
Final yr, wheat procurement for the central pool had declined to 188 lakh tonnes from 433.4 lakh tonnes within the 2021-22 advertising and marketing yr, as per the official information.

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