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The central authorities on Sunday has requested wheat-producing states and union territories to proceed wheat procurement until Could 31, 2022, an official assertion stated.
The Meals & Public Distribution and Client Affairs Ministry has additionally directed FCI (Meals Company of India) to proceed with wheat procurement beneath the central pool. The prolonged interval is predicted to profit farmers.
The choice comes within the wake of requests by state governments/UTs to proceed the procurement course of, the assertion additional learn.
In the meantime, the ministry additionally stated that the procurement of wheat beneath central pool is progressing easily in Rabi Advertising Season 2022-23, within the States/UTs of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttarakhand, Himachal Pradesh, J&Ok, Gujarat, Bihar& Rajasthan.
The wheat procurement beneath the central pool has been much less through the ensuing RMS 2022-23 akin to the earlier RMS 2021-22, primarily because of the larger market costs than MSP, whereby farmers have been promoting wheat to non-public merchants, the assertion learn.
It additional added that the central authorities had on thirteenth Could determined to limit the export of wheat to rein in excessive costs of wheat, besides in case of an irrevocable letter of credit score and requests from neighbouring/food-deficit international locations.
As much as Could 14, 2022, a amount of 180 LMT (corresponding buy of 367 LMT throughout RMS 2021-22) of wheat has been procured, benefiting about 16.83 lakh farmers with MSP (Minimal Help Value) worth of Rs.36,208 crore.
On Saturday, the federal government with speedy impact has banned wheat exports as a part of measures to regulate rising home costs, in accordance with official notification.
The Directorate Normal of International Commerce (DGFT) stated in a notification dated Could 13, that the export shipments, nevertheless, for which irrevocable letters of credit score (LoC) have been issued on or earlier than the date of this notification will probably be allowed.
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