Procurement plunge casts shadow over food Bill

Despite the government hiking its estimate of wheat production by around a million tonnes to a likely 93.62 million tonnes (mt) for 2013, the sharp fall in procurement suggests the government may have to revise the output. Based on figures till May 16, procurement levels are already lower than last year’s by 5.5 mt. Compared with 29.7 mt till May 16, 2012, just 24.2 mt of wheat were procured in the same period this year.

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