Gold Silver Reports — The FCI has fixed a procurement target of 33 million tonnes for the 2017-18 fiscal starting April, against the 22.96 million tonnes purchased in the previous year, when production was low at 92.29 million tonnes.

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In February, the government had projected the wheat production to cross the n++recordn++ 96 million tonne figure following a good monsoon in 2016-17. However, a fluctuation in climatic conditions, with an increase in temperature, gave the farmers jitters as hot weather might have damaged the grain while it was still ripening. — Money Market Guru

FCI RAISES RECORD WHEAT PROCUREMENT TARGET FOR MY 2017-18 | Money Market Guru