Paddy procurement begins, stocks yet to arrive

Image
IANS Chandigarh
Last Updated : Oct 01 2018 | 7:00 PM IST

Procurement of paddy officially began in agrarian states Punjab and Haryana on Monday though bare amounts of the crop arrived in the hundreds of grain markets across both states.

Punjab has sent Cash Credit Limit (CCL) proposal of Rs 40,300 crore to the Reserve Bank of India (RBI) for the purchase of paddy.

With the retreating monsoon rains lashing Punjab and Haryana in the past 10 days, the harvesting of the paddy crop has been delayed in most areas.

Farmers are worried that the untimely rains could lead to higher moisture content in the paddy.

"The moisture content parameters were specified before the rainfall (September 22-25). The rainfall has affected the standing crop. Farmers could suffer due to this," farmer Sukhdev Singh of Fatehgarh Sahib district said.

Punjab is targeting a procurement of 200 lakh tonnes of paddy this kharif season.

The procurement process is likely to continue till November 30. Bulk of the paddy stocks is expected to arrive in grain markets from October 10 to November 10.

Punjab Food and Civil Supplies Minister Bharat Bhushan Ashu has directed all the heads of the state and central procurement agencies to supervise the paddy procurement operations across the state to ensure prompt lifting of paddy as per their allotted share of procurement.

Ashu appealed to farmers to bring dry, clean and fully matured paddy to the mandis. In all, 1,834 purchase centres have been set up across Punjab.

"All out efforts are being made to ensure smooth, hassle free and quick procurement of paddy and facilitate farmers in getting timely payment of their produce," he said.

The central government has fixed the minimum support price (MSP) for paddy at Rs 1,770 per quintal for 'Grade A' and Rs 1,750 per quintal for common variety of paddy.

--IANS

js/mr/sin

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: Oct 01 2018 | 6:54 PM IST

Next Story