Govt Agencies May Procure 16.5 Mt Rice

Image
BUSINESS STANDARD
Last Updated : Feb 26 2013 | 1:02 AM IST

Though rice procurement in the ensuing kharif marketing season is likely to drop because of the drought-driven fall in paddy output, government grain procurement agencies may still have to mop up around 16.5 million tonnes under the market support operations.

Rice procurement in the current year has crossed 21 million tonnes. The procurement will be undertaken by the Food Corporation of India (FCI) as well as the state agencies for contributing to the Central grain pool.

The estimate was compiled at the meeting of the food secretaries of major rice-producing states with the Union food and public distribution secretary, R D Kapur, here, today. Representatives of FCI and food secretaries of Andhra Pradesh, Bihar, Madhya Pradesh, Orissa, Uttar Pradesh, Haryana, Punjab, Maharashtra, West Bengal, Tamil Nadu, Chhattisgarh and Uttaranchal attended the meeting.

Though the paucity of monsoon rainfall has adversely affected paddy sowing this season, the crop in the irrigated tracts which generate much of the market surplus, has not been affected significantly. The drop in overall procurement, therefore, may not be in proportion to the fall in output, agricultural experts maintain. However, it is felt that private trade may be relatively more active in the market.

The officials also decided to start paddy procurement from October 1 as the early sown crop is likely to hit the mandis by September-end or early October in many states. Paddy sowing in Punjab and Haryana, the largest contributors to the Central pool, had begun as early as May this year.

In the current kharif marketing season (2001-02), around 20.63 million tonnes of rice (including paddy in terms of rice) have been procured for the Central pool till yesterday. This is nearly 2 million tonnes more than the previous season

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 21 2002 | 12:00 AM IST

Next Story