: States can buy wheat till May 31, says Centre #IndiaNEWS The Union government on Sunday told states and Union Territories, whose wheat procurement deadlines were fast approaching, to continue the process

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States can buy wheat till May 31, says Centre #IndiaNEWS
The Union government on Sunday told states and Union Territories, whose wheat procurement deadlines were fast approaching, to continue the process till May 31. It has also asked the Food Corporation of India to continue wheat procurement from farmers under the central pool.Central pool pertains to the stock of foodgrains procured by Union and state governments through Minimum Support Price and reserved to be distributed through certain schemes. The Minimum Support Price is the rate at which the government buys farm produce and is based on a calculation of at least one and a half times the cost of production incurred by farmers. Market rates for many crops are usually well below the Minimum Support Price.The Centre on Sunday said that it extended the deadline because of requests from states and Union Territories to extend the procurement period, according to a press release from the Union Ministry of Consumer Affairs, Food and Public Distribution.Punjab, Haryana, Delhi and Jammu and Kashmir have been asked to procure wheat till May 31. The Rajasthan government will procure the grain till June 10, while Uttar Pradesh, Madhya Pradesh, Gujarat and Himachal Pradesh will do it till June 25.The wheat procurement will continue in Uttarakhand till June 30, and in Bihar till...Read more

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