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The Food Department has set the procurement target at 330 LMT for the ensuing Rabi Marketing Season 2017-18. Extensive preparations have been made for procurement operations and Government will make necessary arrangements for payment of MSP to farmers.
Special attention has been given to the farmers of Eastern States. Government has recently removed import duty on wheat to increase its availability in domestic market. In a span of around 2 months, 40 LMT Wheat has been imported and this year more than 55 LMT wheat imports have happened in total.
Fresh wheat crop is expected to come by mid-March. It has been experienced when there is price-rise the benefit is taken by the traders and consumers are exploited. However, when fresh crop hits the market prices fall and the farmers have to take the loss. The Government will take all necessary steps to ensure payment of MSP to farmers and may review the import duty on wheat if required.