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The Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains and State agencies have procured 236.19 lakh tonnes (lt) of wheat during the ongoing 2011-12 Rabi marketing season. This is 8.6% more than the 217.43 lt bought during the corresponding period of 2010-11. Procurement has so far been higher in Punjab with 107.43 lt against 101.52 lt, Haryana with 67.09 lt against 63.22 lt, Madhya Pradesh with 37.87 lt against 32.83 lt, Uttar Pradesh with 13.82 lt against 13.71 lt and Rajasthan with 8.70 lt against 4.61 lt. The government is targeting a procurement of 26.2 MT in the 2011-12 marketing year on the back of projected record wheat production of 84.27 MT in 2010-11 crop year (July-June).
Haryana has exceeded the target for 65 lakh metric tonnes of wheat procurement in the ongoing rabi marketing year. The state had recorded the highest-ever wheat arrival of 69.24 lakh metric tonnes in 2009-10. Punjab too has set a new record in wheat procurement for the central pool, with crop purchases touching 107.43 lakh metric tonnes (MT) in the ongoing rabi marketing season. Punjab had previously recorded an all-time high in wheat procurement for the central pool at 107.36 lakh MT in 2009-10. Ferozepur district led in procurement of wheat with 13.19 million tonnes, whereas Sangrur with 1.018 million tonnes was second and Ludhiana with 854,000 tonnes third. In the entire 2010-11 marketing year (April-March), Punjab and Haryana had together procured about 73.53% of the total purchase of 22.51 MT of wheat.
However, in case of rice procurement during the 2010-11 marketing season (October-September) has declined marginally by 0.33% so far to 272.20 lt compared to 273.13 lt purchased during the same period of the preceding season. The purchases till now have been higher in Andhra Pradesh at 50.59 lt against 46.86 lt, Chhattisgarh 35.33 lt against 30.78 lt, Tamil Nadu 12.70 lt against 10.12 lt, Uttarakhand 3.64 lt against 3.48 lt and Madhya Pradesh 3.26 lt against 1.68 lt, while trailing in Punjab 86.34 lt against 92.90 lt, Uttar Pradesh 23.34 lt against 26.35 lt, Orissa 18.35 lt against 19.63 lt, Haryana 16.87 lt against 18.16 lt, West Bengal 8.44 lt against 10.15 lt and Bihar 7.17 lt against 8.09 lt.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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