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India News Live Updates: Govt misses wheat procurement target for second consecutive year, procures 26.6 mt—28.7% lower than target

In a significant development, the Indian government has missed its wheat procurement target for the second consecutive year, procuring only 26.6 million tonnes, which is 28.7% lower than the set target. This shortfall in wheat procurement has raised concerns about food security and availability in the country.

The previous lowest wheat stock in the Central pool was recorded at 24.12 million tonnes on 1 June 2008. This year’s procurement shortfall has highlighted the challenges faced by the government in ensuring adequate food reserves for the population.

Experts have pointed out that the lower-than-expected wheat procurement could lead to potential shortages and price fluctuations in the market. The government’s failure to meet the procurement target has also raised questions about the effectiveness of its agricultural policies and strategies.

As the situation unfolds, stakeholders are closely monitoring the impact of the shortfall in wheat procurement on food security and the overall economy. Stay tuned for more updates on this developing story.