With private players aggressively buying wheat directly from farmers, the government revised its procurement target downward by 25 per cent to 33 million tonne (MT) for the 2013-14 marketing year.
This will help the centre save about Rs3,000 crore.In view of higher output, government had pegged wheat procurement to be a record 44.12 MT in the current marketing year that started in April, as against 38.1 MT last year.