The central government on Sunday asked wheat-producing states and union territories to continue wheat collection until May 31, 2022, an official statement said.
The Ministry of Food and Public Distribution and Consumer Affairs has directed the FCI (Food Corporation of India) to continue procurement of wheat under the central pool. The extended term is expected to benefit farmers.
The decision came in response to a request from the state government / UT to continue the procurement process, the statement said.
Meanwhile, the ministry further said that in Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Jammu and Kashmir, State / Union Territories of Gujarat, wheat collection is going on smoothly under central pool during Rabi marketing season 2022-23. Bihar and Rajasthan.
Wheat procurement under the central pool was lower during the upcoming RMS 2022-23, which is related to the previous RMS 2021-22, mainly due to higher market value than MSP, where farmers have been selling wheat to private traders, the statement said.
It added that the central government had decided on May 13 to curb wheat exports to curb high wheat prices, without the need for unalterable letters of credit and requests from neighboring / food-deficient countries.
As on May 14, 2022, 180 LMT amount (equivalent to 367 LMT purchase during RMS 2021-22) wheat has been procured, benefiting about 16.83 lakh farmers at MSP (Minimum Support Price) of Rs. 36,208 crore.
On Saturday, the government immediately banned wheat exports as part of a growing domestic price control system, according to an official notification.
The Directorate General of Foreign Trade (DGFT) said in a notification dated May 13 that export shipments, however, would be approved for those for which credit of credit (LOC) has been issued on or before the date of this notification.