New Delhi: The Centre has extended the wheat procurement season till May 31, Union Minister Piyush Goyal announced on Sunday, May 15. The announcement comes after the government banned wheat export due to soaring prices and fortifying food security.
Taking to Twitter, Minister Piyush Goyal wrote, “To ensure that no wheat farmer faces inconvenience, Modi Sarkar extends wheat procurement season till 31 May 2022. We are committed to ensuring farm prosperity.”
To ensure that no wheat farmer faces inconvenience, Modi Sarkar extends wheat procurement season till 31 May 2022. We are committed to ensuring farm prosperity. pic.twitter.com/FfUE2bwuWO
— Piyush Goyal (@PiyushGoyal) May 15, 2022
The decision would help control retail prices of wheat and wheat flour, which have risen by an average 14-20 per cent in the last one year, besides meeting the foodgrain requirement of neighbouring and vulnerable countries.
In a statement today, the ministry of consumer affairs, food & distribution said, “present geopolitical situation and market prices may also affect the projected procurement of wheat during the current Rabi marketing season 2022-23 under the central pool.”
“Export of wheat has also been regulated by the Government of India,” the statement said.
Thereby, in the interest of farmers and as per the request of state governments, the ministry said, “it has been decided that all respective states/UTs and FCI may continue with wheat procurement and farmers can sell their wheat to the state/FCI at MSP as per the specifications, under the central pool.”
“procurement of wheat in the states to continue up to May 31, 2022, or till the earlier approved date, whichever is later,” it added.
In India, the procurement of wheat is ongoing, and in the current RMS 2022-23, the procurement stood at 180 LMT as of May 14, 2022, compared to 367 LMT in the corresponding period last year.
India targets to export 10 million tonnes of wheat in 2022-23. The exports had increased to 7 million tonnes worth around $2.05 billion in the financial year FY22 driven by strong demand.
To ensure food security in the country, the government has announced prohibitions on wheat exports. However, under special conditions, the export of this item will be allowed. With immediate effect, the government amended the Wheat Export Policy and added a ‘Prohibited’ term on wheat from their previous ‘Free’ term.