MSP Rice Procurement

The Centre may raise FY27 food subsidy by around 7% to around ₹2.17 trillion as grain procurement and welfare distribution costs rise under the PMGKAY free foodgrain scheme

The Indian rice industry has urged the government to provide incentives and policy support in the upcoming Union Budget to address surplus stock, falling prices, and sluggish exports. The industry also demanded development of modern and better rural infrastructure in the budget, particularly irrigation and cold storage facilities. Dev Garg, Vice President of the Indian Rice Exporters Federation (IREF), highlighted a bumper surplus of 500 lakh tonnes which has led to a price decline of 10-15 per cent in both basmati and white rice. Despite the government's recent move to lift restrictions on non-basmati rice exports, shipments have remained weak. From April to now, rice exports have totalled Rs 76,000 crore, significantly lower than last year's Rs 1.14 lakh crore during the same period, he said. "The current quarter is difficult for traders, and exports are unlikely to improve in the next three months. With bumper crop coming in and no space to store, the situation demands governmen

In the middle of overflowing grain bins, Indian farmers have gathered a record rice crop of 120 million tons from this year's summer season, which accounts for nearly 85 per cent of total rice output

The states at yield risk till a few years back accounted for less than 20 per cent of India's annual rice production

The paper calls for better post-harvesting facilities for quicker adoption of DSR technique

Thailand has replaced its Ambassador to WTO Pimchanok Vonkorpon Pitfield from here following a strong protest lodged by India on her contentious comment on New Delhi's rice procurement programme, a top government official said on Friday. The official said that Pitfield has been asked to report back to Thailand after the 13th ministerial conference (MC), which has entered the fifth day of talks. She has been learnt to have replaced the Thai foreign secretary. India has expressed strong disappointment over Pitfield's remarks during a consultation meeting on Tuesday accusing New Delhi that India's rice procurement programme at Minimum Support Price (MSP) for the public distribution system is not for people but for capturing the export market, the official said. Following this, India has formally registered its protest with the Thai government and has also expressed displeasure with the WTO chief Ngozi Okonjo-Iweala, agri committee chair Kenya and UAE. "The Thai Ambassador has been ...

Rice procurement for the central pool remains sub-par for the 2023-24 season starting in October due to slow purchases in Chhattisgarh, Telangana and Madhya Pradesh

Paddy procurement during the current season is a key issue as Chhattisgarh goes to polls in two phases on November 7 and 17

The government has set a target to procure 521.27 lakh tonnes of rice being cultivated during the ongoing kharif season. It has procured 496 lakh tonnes of rice from last year's kharif crop. Paddy is grown in both the kharif (summer-sown) and rabi (winter-sown) seasons. Food Secretary Sanjeev Chopra chaired a meeting of State Food Secretaries and Food Corporation of India (FCI) on August 21 to discuss the procurement arrangements for the Kharif crop in the ensuing Kharif Marketing Season (KMS) 2023-24, which runs from October-September. "A quantity of 521.27 lakh tonnes rice has been estimated for procurement during the forthcoming KMS 2023-24 (Kharif crop) as against the previous year estimates of 518 lakh tonnes wherein 496 lakh tonnes was actually procured during KMS 2022-23 (Kharif crop)," the food ministry said in an official statement. During KMS 2023-24 (Kharif crop), rice procurement in Punjab is estimated at 122 lakh tonnes, Chhattisgarh (61 lakh tonnes), Telangana (50 la

Only private entities were eligible to participate in the auction

The government's rice procurement has reached 55.8 million tonnes so far in the ongoing 2022-23 marketing season, benefitting 1.22 crore farmers with MSP of Rs 1.7 lakh crore, the food ministry said on Tuesday. Wheat procurement has reached 26.2 million tonnes so far in the 2023-24 rabi marketing year (April-March), more than the last year's total procurement of 18.8 million tonnes. "With the current procurement of wheat and rice, adequate food grains stock in government granaries is maintained," the ministry said in a statement. The combined stock position of wheat and rice has reached 57 million tonnes, which puts the country in a comfortable position to meet its requirements of food grains, it noted. The Food Corporation of India (FCI) along with state agencies undertakes procurement of paddy and wheat under price support scheme. Paddy is procured and converted into rice through milling. According to the ministry, a total of 83 million tonnes of paddy (55.8 million tonnes in te

The government's rice procurement has reached 52.06 million tonnes so far in the ongoing 2022-23 marketing season, benefitting 1.12 crore farmers with MSP of Rs 1.6 lakh crore, the food ministry said on Friday. The Food Corporation of India (FCI) along with state agencies undertakes procurement of paddy under price support scheme. The Centre has set a target to buy 62.60 million tonnes of rice in the 2022-23 marketing season (October-September). The FCI had procured 57.58 million tonnes of rice during the 2021-22 marketing season. According to the food ministry, a total of 52.06 million tonnes of rice was procured up to May 22 of the current kharif marketing season. As many as 1.12 crore farmers have benefited from the procurement operation. About Rs 1,59,659.59 crore has been paid as minimum support price (MSP) to them, it said in a statement. The government has fixed MSP of 'common' grade paddy at Rs 2,040 per quintal, while 'A' grade paddy at Rs 2,060 per quintal for the curren

Last year, in the month of April, the wheat stocks in the country stood at 18.9 MMT and there were concerns regarding the wheat stocks in the country

The paddy procurement process started in the state-run primary cooperative societies' 2,600 procurement centres from November 1

Over 2,000 farmers from the interior areas of the worst Maoist-infested Narayanpur district will be selling paddy for the first time at MSP at the procurement centres

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

The state governments have pegged the rice procurement target for the 2022 Kharif marketing season at around 506 lakh tonnes, the same as the last year's level, notwithstanding the likely marginal drop in the output, according to sources. However, the procurement estimates would be firmed up by the Union Food Ministry next week after deliberations with the state government officials, the sources added. The government procures paddy and converts it into the rice at mills. The procurement of paddy grown in the Kharif season starts in October. The procurement is undertaken at MSP by the state-owned Food Corporation of India (FCI) and state organisations. The government has fixed the minimum support price (MSP) of 'common' grade paddy at Rs 2,040 per quintal and 'grade A' at 2,060 per quintal for the 2022-23 marketing year. According to sources, the state governments have made a preliminary assessment of the Kharif paddy crop and come out with their estimate of production and ...

If clearing of FCI's outstanding dues and loans does not spur further reforms, they will once again reach current levels in the next 4-5 years, say experts

Punjab, once India's richest state, has slipped and fallen behind. It needs to get off the paddy-wheat-MSP high and rediscover its entrepreneurial impulse