Punjab Ready To Attain A Fresh Record In Wheat Procurement

The state of Punjab is ready to hit a new milestone in wheat procurement as the state administration would commence the largest ever procurement processes in the state by the coming month (April 2013).

On Tuesday, Mr. Adaish Partap Singh Kairon, Food and Civil Supplies Minister, Punjab in cooperation with Mr. Rakesh Singh, Chief Secretary, Punjab evaluated the procurement methods of wheat crop in the well known state, in a upper-level conference with the managing directors of all procurement firms.

Providing the elements of arrangements made for Rabi selling period, an official spokesperson stated that the Punjab administration today gave notice to 1770 mandis and buying centers for the procurement of wheat in Punjab.

The spokesperson added that in 2013, the state administration has made full arrangements for all time high procurement of 140 lakh Metric Tonnes of wheat as compared to 129.35 lakh metric tonnes acquired during the last term. The procurement firms would buy wheat at the MSP of Rs. 1350 per 100 kgs in the existing rabi period.

The state administration has allowed Pungrain 20 per cent, Punjab State Warehousing Corporation 11 per cent, FCI 20 per cent, Punsup 20 per cent, Punjab Agro Industries 9 per cent, and Markfed 20 per cent as its percentage of wheat procurement. He also said that state firms would get 112 lac metric tons and FCI would obtain 28 lac metric tons from overall wheat procurement of Punjab.

The reports also said that Patiala will also play an important role in wheat production. As per state agriculture section, around 161.59 lac metric tons of wheat fabrication was projected this year. He also said that payment would be cleared with in 48 hours and lifting with in 72 hours.