Strengthening Food Security: Centre Extends Wheat Procurement Window to Replenish Buffer Stocks
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The Ministry of Consumer Affairs has extended the wheat procurement season to June 15 across major producing states. This move aims to replenish national buffer stocks, ensure the sustainability of the Public Distribution System, and stabilize domestic market prices.
In a strategic move to safeguard India’s food security, the Ministry of Consumer Affairs, Food and Public Distribution has extended the wheat procurement window for the 2024-25 Rabi Marketing Season. This extension, primarily targeting major wheat-producing states like Uttar Pradesh, Rajasthan, and Bihar, is designed to ensure that the Food Corporation of India (FCI) and state agencies can meet their procurement targets for the national buffer stock.
The decision comes against the backdrop of fluctuating agricultural yields caused by climate-induced variations, such as unseasonal rains and heatwaves, which have impacted the harvesting cycle. In recent years, the national buffer stock has faced pressure due to lower-than-expected procurement and the continued demand for welfare schemes like the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). By extending the deadline, the government provides farmers with an extended window to sell their produce at the Minimum Support Price (MSP), especially those who may have delayed their harvest or were waiting for market prices to stabilize.
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