Central government announces extension of wheat procurement till May 31, ban on exports

To ensure that there is no shortage of grain in the country, the government has extended the wheat procurement process till May 31.
Central government announces extension of wheat procurement till May 31, ban on exports
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Relieving the farmers, the central government has extended the wheat procurement process till May 31, 2022. The government has extended this date so that no wheat farmer has any problem in selling his crop. Union Minister for Consumer Affairs, Food and Public Distribution Piyush Goel made this known in a tweet. Union Minister Piyush Goel said that the government is committed to the economic development of farmers. The Ministry said that keeping in view the interest of the farmers and the request of the State Governments, it has been decided that all the States / Centrally Administered Territories and FCI can continue procurement of wheat and supply wheat to the farmers. Will States or FCI at the minimum support price under the central quota. Wheat can be sold.

The government had earlier banned the export of wheat immediately due to internal conditions. The government attributed this to rising prices and strengthening the country’s food security. Western countries were also angry with the Modi government’s decision. Let me tell you that India is the second largest producer of wheat in the world. Wheat prices in the world market have risen by almost 40% since the start of the Russia-Ukraine war. Due to which the export of wheat from India increased immensely and the prices of wheat, flour and its products increased in the country.

Farmers will benefit.

With the extension in the deadline, farmers can now sell their wheat produce to the state government or the Food Corporation of India (FCI) till May 31. Under the central pool, FCI buys at the Minimum Support Price (MSP), which farmers do not get when they sell in the market. Wheat is currently being procured in the country. The government has procured 1.8 million metric tonnes of wheat this season till May 14, 2022. However, in the same period last year, the government had procured 367 lakh metric tonnes of wheat. Low wheat purchases may also be the reason for its expansion. Wheat production has been affected recently due to hot temperatures. It is being speculated that there may be food shortages in India in the coming months, as the Rabi crop this year has been weaker than expected. Due to which the government wants to stock all the wheat before the monsoon.


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