Centre plans to monetize assets of Food Corporation of India and Central Warehousing Corp, says union minister Piyush Goyal
If clearing of FCI's outstanding dues and loans does not spur further reforms, they will once again reach current levels in the next 4-5 years, say experts
Also exploring option of a minimum reserve price for traders based on production cost
While the agitating farmers are clamouring for its continuation, the mechanism is a drain on govt resources, with the Centre buying far in excess of what it needs for distribution under PDS
In the procuring States, purchase of 32,12,439 MT of paddy has taken place up to October 9 from over 2.83 lakh farmers with an MSP outflow of Rs 6,065.09 crore
The other components are pooled cost of grains and distribution cost that includes freight, handling, and storage, etc
Wheat marketing year runs from April-March, but bulk of procurement is normally done in the first three months
Lower taxes and a slew of incentives give MP and edge over the traditional wheat bowl. However, Punjab wins hands down on yield
The state has produced 30 million tonnes of wheat this year and also surpassed Punjab in procurement
The price decline has brought major relief to middle-class consumers at a time when Covid-19 has rendered millions of people jobless and millions of others underwent pay cuts
The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.
Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year
From farmers selling their harvest with relative ease in Punjab, to others dumping their tomato produce in Madhya Pradesh to onions making farmers cry, once again
The entire marketing of rabi crops looks problematic due to social distancing norms and dearth of labour
Haryana, Punjab take different routes to ensure social distancing at mandis
India's wheat crop was estimated at a record 106.21 mt in the second official Advance Estimate some months earlier.
State allows purchase from share croppers, contract farmers; last year it could log only 3.8 MT of wheat compared to seasonal target of 5.5 MT
Several reasons have been cited by the food and civil supplies department for tepid procurement, including the recent Lok Sabha polls and competitive prices prevailing in the open market
Country is all set to harvest a record production of 96.64 mt in 2016-17 crop year
Procurement has fallen due to lower arrival of wheat this year at about 25.6 million tonnes as against over 31 million tonnes last year