Punjab has contributed to the national pool in a significant way, producing 94.69 LMT, or 53.19%, of the total-India figure of 178.01 LMT . The central government imposed curbs on wheat exports on Friday night, seeing the large supply deficit .
BATHINDA: The country's overall wheat production is expected to fall short of the initial target of 58.3% this year, but Punjab has still been the largest contributor to the national pool.According to statistics from the Food Corporation of India (FCI), the wheat procurement in India was only 178 lakh metric tonne (LMT) until May 10, compared to the target of 444 LMT.Total procurement is projected to be around 195 LMT, according to revised government estimates.Though the country has a problem with wheat production, Punjab has contributed to the national pool in a significant way, producing 94.69 LMT, or 53.19%, of the total-India figure of 178.01 LMT.This is the first time Punjab has covered over half of the wheat national pool.Punjab is still short of 132LMT, according to the government.Wheat was securing soil in the state by May 13, 102.25 LMT.Of this, 96.15 LMT wheat was procured by procurement firms and 6.1 LMT by traders. Haryana had added 40.72 LMT, M.35 LMT, and UP 2.15 LMT up until May 10.The FCI has only purchased 9.81 LMT, or 5.5 percent of the total supply, out of the total 178.01 LMT wheat procured all over India.168.20 LMT wheat has been procured by state departments.5.74 LMT was obtained from Punjab, 3.95 LMT from Haryana, and 0.12 LMT from other states out of the total FCI procurement of 9.81 LMT. Despite the fact that the exact quantities are unknown, traders have bought a lot; they may sell it at later stages at higher rates, either on the domestic or in the international market.Since the World Banks' Agriculture Price Index for April shows a 60% increase in global wheat prices in a year, farmers are aware that prices will rise.We shouldn't assume we have a lot of stocks in our tank.If the economy declines next year, where will we fill the coffers to feed 130 crore people, according to policy analyst Devinder Sharma. Controlling exports is logica, according to National Commodities Management Services MD and CEO Siraj Chaudhry.However, a graded approach with provisions such as minimum export prices and quantity limitations would have been much more helpful.