Expecting surge in export prices, private players procuring wheat above MSP in Karnal district

2.90 lakh quintal bought in Karnal district | 2.85 lakh quintal in Kaithal

Expecting surge in export prices, private players procuring wheat above MSP in Karnal district

Wheat bags lying at the Karnal mandi on Wedneday. Sayeed Ahmed

Tribune News Service

Parveen Arora
Karnal, April 20

Expecting a surge in export prices in coming days due to the unrest in different countries, private players have started purchasing wheat above the MSP, which is Rs 2,015 per quintal, from the grain markets. They are even procuring it directly from the farmers on higher rates.

Paying Rs 40-50 more

The shrinking of grain and procurement by private players directly from fields may be a reason behind the shortfall in the arrival in mandis. Private players are offering farmers Rs 40-50 above the MSP. HSAMB official

The official data of Karnal and Kaithal districts show a rise in private purchase in comparison to the last year.

In Karnal district, the private players have purchased 2.90 lakh quintal (5.25%) of the total procurement 55.19 lakh quintal till April 18. Last year, no procurement was made by the private players in Karnal.

With the maximum purchase of 1.05 lakh quintal, the Taraori grain market topped district, followed Gharaunda (73,814 quintal), Karnal city (68,773 quintal), Nissing (26,115 quintal), Kunjpura 5,965 quintal, Nilokheri (3,036 quintal), Nigdhu (1,270 quintal), Indri (1,045 quintal) and Assandh mandi (800 quintal).

Moreover, 56.27 lakh quintal of wheat arrived this year in Karnal district till April 18, while it was 60.63 lakh quintal during the same period last year, the data said.

In Kaithal district, the private players have purchased 2.85 lakh quintal (6.24%) of the total procurement of 45.74 lakh quintal till April 19. Last year, only 1,809 quintal of wheat was purchased by the private players in Kaithal.

With the maximum purchase of 1.34 lakh quintal wheat, the Kalayat grain market topped the district, followed by Kaithal (89,222 quintal), Cheeka (50,111 quintal), Pundri (5,588 quintal), Rajound (5,063 quintal) and Pai mandi (720 quintal). However, the overall wheat procurement in different grain markets of Kaithal has reduced to a great extent.

Meanwhile, a private player said: “I expect the export rates of wheat will shoot up in coming days, so I have purchased the produce from farmers in the grain market above the MSP.”

Joginder Kumar, a farmer, said he sold his wheat at Rs 2,045 per quintal to a private player. “I am happy that my crop was procured above the MSP and the payment was made,” he added.

#MSP #wheat procurement

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