NAFED procuring wheat
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Home / India News / 2007 / May 2007 / May 4, 2007
NAFED procuring wheat from Pak at Rs.100 above MSP
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NAFED procuring wheat from Pak at Rs.100 above MSP

The National Agricultural Marketing Cooperative Federation of India Limited (NAFED) has already submited a buying contract with Pakistan wheat exporters at the rate of around Rs.950, which is 100 rupees more than the Centres Minimum Support Price (MSP) of wheat.

By Manoj Ojha

New Delhi, May 4 : The National Agricultural Marketing Cooperative Federation of India Limited (NAFED) has already submited a buying contract with Pakistan wheat exporters at the rate of around Rs.950, which is 100 rupees more than the Centre's Minimum Support Price (MSP) of wheat.

"The NAFED is procuring 5, 000 tonnes of wheat from Pakistan at the rate of 22 dollars per quintal, which will be offloaded at Chennai ports," its Managing Director, Alok Ranjan, told ANI.

On the other hand, the Centre is giving Rs.850 per quintal inclusive of an Rs.100 bonus on wheat's MSP to Indian farmers.

Meanwhile, the NAFED is facing lot of problems in procuring wheat from Uttar Pradesh (UP), as the state is going for polls and officials are not able to extend full support to NAFED, said Rajan.

"As on May 3, over 10, 000 tonnes of wheat have been procured from UP, no wheat is available in Madhya Pradesh, as all is old out to private parties, in Bihar rates are very high and in Rajashtan there is no substantial development," he added.

Earlier last month, NAFED was mandated by the Centre to help mop up wheat for buffer stocks from Rajasthan, Madhya Pradesh, Gujarat, Maharashtra and Uttar Pradesh.

As on April 26, the government has procured over 7.3 million tonnes of wheat.

In order to maintain food security in the country, the Centre has permitted import of wheat on private account at zero duty up to December 31.

Despite the announcement of a Rs.100 bonus for the wheat Minimum Support Price, the Food Corporation of India (FCI) is not confident of procuring enough wheat as it fears that farmers would sell their yield to private companies for a better price.

According to third advance estimates of production of food grains, 73.7 million tonnes of wheat is expected to be produced.

ANI

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