Rice Procurement Spurts 19% This Year

Image
Capital Market
Last Updated : Sep 15 2020 | 12:50 PM IST

Ministry of Consumer Affairs, Food & Public Distribution stated in a latest update that a total of 495.37 lakh metric tonnes or LMT rice has been estimated for procurement during the forthcoming KMS 2020-21 (Kharif Crop) season which is 19.07% more than the 416 LMT procurement estimate of KMS 2019-20 (Kharif Crop). In KMS 2019-20 (Kharif Crop), actual procurement of paddy (in terms of rice) was 420.22 LMT, which was a record procurement.

During ensuing KMS 2020-21, procurement estimates for Tamil Nadu & Maharashtra have jumped by 100% and more, and for Madhya Pradesh, Telangana, Bihar and Jharkhand are higher by 50% and more in comparison to KMS 2019-20. The leading States in terms of estimated procurement of rice are Punjab (113 LMT), Chhattisgarh (60 LMT) and Telangana (50 LMT) followed by Haryana (44 LMT), Andhra Pradesh (40 LMT), Uttar Pradesh (37 LMT) and Odisha (37 LMT).

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Sep 15 2020 | 12:22 PM IST

Next Story