Commodities Buzz: India Witnesses Record Wheat Procurement In MY 2018/19

The Union Minister for Consumer Affairs, Food & Public Distribution held a Press Conference to brief about the initiatives and reforms done by the Ministry in last four years in New Delhi on Tuesday. During the release, Union Minister stated that during Rabi Marketing Season (RMS) 2018-19, a quantity of 347 Lakh MT of wheat was procured which is highest in last five years. While during Kharif Marketing Season (KMS) 2016-17, a record quantity of 381.06 Lakh MT of paddy (in terms of rice) was procured. A total storage capacity of 22.23 lakh MT has been added during last four years under the PEG Scheme.