News Capsule: Wheat Procurement Season 2026 Begins – Target Set at 30.3 Million Tonnes
01-Apr-2026 05:15 PM
News Capsule: Wheat Procurement Season 2026 Begins – Target Set at 30.3 Million Tonnes
★ The Government of India has started the wheat procurement season, with around 18,000 tonnes already purchased. The total procurement target for this year has been fixed at 30.3 million tonnes (303 lakh tonnes).
★ Rajasthan has recorded the highest early procurement (~17,800 tonnes)
★ Uttar Pradesh has seen minimal procurement at just 65 tonnes
★ Procurement in other states is currently slow
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Market & Risk Factors
★ Mandi prices are ruling below the MSP of ₹2,585 per quintal
★ Weather risks such as rain, hailstorms, and rising temperatures may affect crop quality and arrivals
★ If market prices remain weak or weather conditions worsen, it may become challenging for the government to achieve the 303 lakh tonne procurement target.