Business

The Government procured around 250 LMT of wheat procured during current Rabi season

More than 20 lakh farmers have benefitted from the current season’s procurement, with more than Rs 47,000 crore payment of minimum support price

Sentinel Digital Desk

NEW DELHI: The government has procured 252 lakh metric tonnes (LMT) of wheat so far during the ongoing Rabi marketing season (2023-24). According to estimates released by the Department of Food and Consumer Affairs, the current wheat procurement crossed last year’s total procurement of 188 LMT. More than 20 lakh farmers have benefitted from the current season’s procurement, with more than Rs 47,000 crore payment of minimum support price (MSP).

The Food Corporation of India along with other state agencies are engaged in the procurement operations. Official sources said that more farmers are yet to be benefitted since the procurement process is still going on, and on daily average, more than 2 LMT wheat is still being procured. (IANS)

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