Wheat arrival picks up in Punjab mandis
Punjab's wheat arrival this season is far behind last year's at 15.05 lakh tonnes due to rain, hailstorms and wind damage. The state has so far procured 1.94 lakh tonnes across 1,111 mandis. Arrival is expected to pick up by the end of the week as full-scale harvesting begins. The state government will also own the value cut imposed on damaged wheat crops due to the weather, announced Bhagwant Mann, Punjab's chief minister, via Twitter. The value cut will cost an estimated INR60 crore ($8m) for the 100-120 lakh tonnes of crop expected to reach the mandis. Key Points
Hindustan TimesAgricultural products trade via e-NAM surges 41% in FY23
Agricultural products trade through the electronic-National Agriculture Market (e-NAM) surged 41% to 18.6 million tonnes in 2022-23 from 13.2 million tonnes in the previous financial year. Several innovative products have started trading through these mandis, said a senior official, who did not wish to be identified, adding that several products such as silk cocoons, saffron and bamboo are being sold on the platform. Key Points
Economic TimesDespite rain loss, wheat yield set to cross 160 lakh tonnes, says Agri dept
The total wheat yield in Punjab is expected to cross 160 lakh tonnes in the current rabi season. The state agriculture department has pegged production based on crop-cutting experiments. Key Points
Hindustan Times