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Government agencies have procured 98.5 per cent of the paddy arriving in the grain markets in Punjab and nearly 95 per cent in Haryana. The remaining paddy has been procured by rice millers and private traders.
Punjab is expecting a record procurement of over 182 lakh tonnes of paddy this year compared with over 168 lakh tonnes last year.
Paddy arrival in Haryana is much higher than the over 60 lakh tonnes that arrived in the state's grain markets corresponding period last year.
The procurement, which began in both states on October 1, will continue till November end.
The Reserve Bank of India has sanctioned over Rs 33,800 crore for paddy procurement in Punjab in this kharif season.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)