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  • Govt expecting record wheat procurement in 2011-12

    Published on February 15, 2011

    Estimating bumper wheat production in the country, the government is expecting procurement of a record 260 lakh tonnes in the year 2011-12.

    According to the second advance estimate released by the Agriculture Ministry, wheat production is likely to touch a new record of 81.47 million tonnes this year as against 80.71 million tonnes in the previous year.

    The government procures wheat and rice from farmers at minimum support price (MSP) to provide them a remunerative price.

    According to the official, Food Corporation of india, FCI which is the nodal agency for procurement and distribution also involves other state agencies to buy the grains from farmers.

    Anticipating shortage of space on account of likely high procurement, FCI has formulated a scheme for hiring of godowns for a period of one year to store wheat. The official said, the efforts will be to hire as much as capacity as possible under one year guarantee scheme so as to meet the storage requirement for the coming rabi season.

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