Business Standard
Sunday, Nov 22, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Smart Portfolios II
  Search:

UP procures 3.1 mn tonne paddy
Virendra Singh Rawat / New Delhi/ Lucknow March 03, 2009, 0:42 IST

A bumper paddy crop estimated at 14.5 million tonne has helped Uttar Pradesh beat its paddy procurement target this season. Together, state agencies and the Food Corporation of India (FCI) have already procured about 3.1 million tonne by February 28, as against the target of 2.6 million tonne for 2008-09, said an FCI official.

 
 
News Now
Paper
Specials
- Sensex makes remarkable recovery, regains 17K
- Vendata expects quick nod for Orissa project
- Life insurance ind to clock Rs 2.5 lakh cr premium
- Govt okays Rs 40,000 cr for rural development
- L N Mittal doubles his stake in Ophir Energy
More  

The state agencies procured about 2.3 million tonne as against the target of 1.8 million tonne, while the estimated corresponding figures for FCI stood at about 900,000 tonne and 800,000 tonne.

About 6 million hectare was under paddy cultivation this season and the total production is estimated at 14.5 million tonne, as against last year’s 11.7 million tonne. During 2007-08, the procurement figure of kharif crop was 2.25 million tonne against the target of 1.8 million tonne, the official said.

The paddy procurement season commenced on October 1 through February and a total of 2,300 procurement centres were set up. The government had engaged agents (arhtia) to boost procurement by giving 1.5 per cent commission on the minimum support price (MSP) of Rs 900 per quintal (including a bonus of Rs 50). About 5,000 commission agents were registered with the UP Mandi Parishad.

UP Rice Millers Association executive director PC Kanodia told Business Standard that the levy rice target was also revised downwards due to the bumper procurement. Under the levy rice system, UP millers give 75 per cent of rice to FCI and state agencies for public distribution system.

“Earlier, the levy rice target was 1.5 million tonne. However, due to the bumper direct purchase, it is likely to be around 1.2 million tonne,” Kanodia said.

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- L N Mittal doubles his stake in Ophir Energy
- Indian handicraft firms to participate in Munich fair
- Microsoft eyes Indian smartphone mkt
- RIL Hazira unit bags 'Excellent Energy Efficient Unit Award'
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Kurbaan could be Karan Johar's first flop
- Ambani Jr, Brad Pitt join hands for sci-fi film
- We are not trying for a monopoly: HAL chairman
- HAL to invest Rs 25,000 cr in next 10 years
- A golden lining seen in silver prices
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should India's defence sector be thrown open to foreign investments?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback