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India’s Wheat Procurement Surpasses 260 LMT: Bolstering National Food Security and Buffer Stocks

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Wheat procurement for the current Rabi season has exceeded 260 lakh metric tonnes, ensuring the central pool remains well-stocked for the Public Distribution System. This achievement is vital for maintaining price stability and meeting national food security requirements amidst global supply chain uncertainties.

The Union Ministry of Consumer Affairs, Food and Public Distribution recently announced that wheat procurement for the 2024-25 Rabi Marketing Season (RMS) has crossed the significant milestone of 260 lakh metric tonnes (LMT). This procurement, primarily driven by major contributing states like Punjab, Haryana, and Madhya Pradesh, ensures that the central pool remains robust, surpassing the mandatory buffer stock norms required for the nation. Procurement is a cornerstone of India’s food management policy. The Food Corporation of India (FCI), along with state agencies, purchases wheat directly from farmers at the Minimum Support Price (MSP). This process serves a dual purpose: it provides a price floor for farmers, protecting them from market volatility, and creates a massive reserve for the government to execute welfare schemes. The current surge in procurement is particularly noteworthy given the climatic challenges and heatwaves that have impacted wheat yields in recent years.

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This article was curated using AI. While we strive for accuracy, please verify critical facts from official sources.