India Region

Wheat arrival crosses 100 LMT in Punjab

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01 May 2023, Chandigarh: The arrival of wheat crossed 100 Lakh Metric Ton across the Mandis in the State of Punjab last Friday of which 99.5 LMT has already been purchased by the Government Agencies and private traders. About 3.5 LMT has been purchased by the traders while the rest has been picked up by the Government at MSP. Only 1 Lakh Metric Ton (LMT) was lying unpurchased by the end of the day.

Sharing these details the Food, Civil Supplies & Consumer Affairs Minister, Lal Chand Kataruchak said that the procurement of wheat has entered its last phase today after it crossed the significant figure of 100 LMT already beating the entire procurement of last year, which stood at 96 LMT.

Comparing the arrivals with the previous year, the minister said that it was a matter of pride that once again Punjab was on top in feeding the nation, with almost 50% of the nationwide government purchase of wheat happening in the State. He added that this year the total government purchase at MSP is expected to be at least 30% more than last year which is an indication of increased prosperity in the state.

Expressing satisfaction at the pace of procurement, the Minister said that during the entire season, the end-of-day unpurchased quantity of wheat was never more than 50% of that day’s arrival, which pointed to the fact that most farmers were able to sell their wheat on the same day they brought it into the Mandi. The Minister said that this year 100 LMT of wheat has arrived in the Mandis in just 15 days whereas last year, by the same date, 94 LMT had arrived in 22 days.

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