The Centre has extended the wheat procurement season till 31st May, 2022.
Tags: National Economy/Finance
The Centre has extended the wheat procurement season till May 31, 2022.
The Centre has asked states and union territories to continue procurement till the end of May.
Farmers are expected to benefit from the extended period of wheat procurement.
The decision has been taken in view of the request by the state governments to continue the procurement process.
Procurement of wheat under central pool in Rabi marketing season 2022-23 is going on smoothly.
The central government has also decided to ban the export of wheat to check the high prices of wheat.
Till May 14, 180 lakh tonnes of wheat has been procured, due to which about 16.83 lakh farmers have benefited from the MSP price of Rs 36,208 crore.
Why did India ban the export of wheat?
Record retail inflation has dashed India's export hopes.
While the prices of wheat have increased by about 20%, the prices of essential food items like flour have increased by about 15% last year.
Apart from bread and biscuits, there has also been an increase in the prices of other food items in which wheat is used.
In late March, the heatwave affected the production of food grains, especially in Northwest India.
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