India’s wheat procurement highest ever: Chidambaram

May 23rd, 2008 - 3:13 pm ICT by admin  

A file-photo of P. Chidambaram

New Delhi, May 23 (IANS) India’s state-run agencies made the highest-ever procurement of wheat of 20.7 million tonnes this year and the situation for rice will be similar by the time the season ends in September, Finance Minister P. Chidambaram said Friday. “Roughly, 98.4 percent of wheat that arrived in Punjab has been procured by the Food Corporation of India (FCI) and 99 percent has been procured in Haryana,” Chidambaram told a press conference here.

“For rice, we have procured 24.5 million tonnes and we hope to procure much more by the time the season ends in September,” the finance minister added.

The government had set a target of procuring 15 million tonnes of wheat this year.

“We now have ample supplies of wheat and rice.”

Tags: , , , , , , , , ,

Posted in Business |