BUSINESSLINE

SUMMARY

Purchases may top last year’s 266 lakh tonnes; reports of higher yield from growing States.

India’s wheat procurement, which began on April 1 with a lead of 6 lakh tonnes (lt) due to an early start of the purchase in March, was up 92.3 per cent at 83.58 lt as of April 16 against 43.46 lt a year ago. The government is hopeful of purchasing wheat higher than the past four years after a reduced yield in the 2021-22 crop year threatened India’s self sufficiency in the key winter cereal.

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