Punjab Faces Wheat Glut Amid Record Arrivals

• Wheat arrivals in Punjab have surged, crossing 102.44 lakh tonnes, with the government procuring nearly 95% of the crop.
• A glut-like situation has emerged in mandis, with over 60 lakh tonnes of wheat yet to be moved to storage points.
• Delayed harvesting due to low temperatures has contributed to the sudden increase in arrivals, causing logistical challenges.
• The state government is working to ease the lifting scenario, aiming to procure 124 lakh tonnes of wheat this season.
• Punjab leads in procurement, followed by Haryana, with both states contributing significantly to the central wheat stock.

Source: Hindustan Times, Mint