Amid Months-long Farmers Stir, Govt Buys Record 418.47 Lakh Tonnes of Wheat at MSP for Rs 82,648 Cr

The Centre on Wednesday stated it has procured a report 418.47 lakh tonnes of wheat up to now within the present advertising 12 months that began in April, costing exchequer Rs 82,648 crore. The report procurement of wheat has been achieved amid farmers’ protests at Delhi borders since late November 2020. Farmer unions are demanding a repeal of three new farm legal guidelines and a authorized assure of the Minimum Support Price (MSP).

The Rabi advertising season (RMS) 2021-22 runs from April to March however the bulk of the procurement will get accomplished by June. “Procurement of Wheat in ongoing RMS 2021-22 is continuous easily within the procuring states of Uttar Pradesh, Bihar, Rajasthan, Gujarat, Himachal Pradesh and Jammu & Kashmir at MSP, as was carried out in earlier seasons,” an official assertion stated.

Till June 8, the federal government has bought 418.47 lakh tonnes of wheat as in opposition to 373.22 lakh tonnes within the corresponding interval of the earlier 12 months. “About 46 lakh farmers have already been benefitted from the continuing RMS procurement operations with MSP worth of Rs 82,648.38 crore,” the assertion stated.

This 12 months’s procurement has exceeded the earlier excessive of 389.92 lakh tonnes achieved within the full 2020-21 advertising 12 months. State-owned Food Corporation of India (FCI) is the nodal company for procurement and distribution of foodgrains.

Under the National Food Security Act (NFSA), the Centre supplies 5 kg of wheat and rice per individual monthly to round 80 crore individuals at a extremely subsidised price of Rs 2-3 per kg.

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