You are here: Home » Current Affairs » News » National
Business Standard

Kharif paddy buying at MSP up 33% to 2.03 mn tonnes in last 12 days: Centre

Paddy procurement at MSP rose 33% to 2.03 mn tonnes so far in the FY21 Kharif season over the same period last year, with buying gaining momentum in states like Kerala, the Union Food Ministry said

Topics
Kharif | Paddy procurement

Press Trust of India  |  New Delhi 

Real-time price, demand forecast for select crops from next kharif season

at the minimum support price (MSP) rose 33 per cent to 20.37 lakh tonnes so far in the 2020-21 marketing season over the same period last year, with buying gaining momentum in other states like Kerala, the Union Food Ministry said on Thursday.

The government is also procuring cotton, pulses and oilseeds in the ongoing 2020-21 marketing season, which normally begins from October, it said.

This year, the procurement of crops commenced early from September 26 in Punjab and Haryana due to arrival of new crop, while in other states from October 1 onwards.

"for 2020-21 Kharif marketing season has now gained good momentum with the start of procurement in some other states like Kerala and increase in the pace in ongoing procuring states...," the ministry said in a statement.

As a result, a total 20,37,634 tonne of paddy has been procured from 1.7 lakh farmers at the MSP value of Rs 3,847.05 crore, it said.

"This is a whopping increase of over 33 per cent vis-a-vis procurement in the corresponding period last year," it added.

For the current year, the centre has fixed the MSP of paddy (common grade) at Rs 1,868 per quintal, while that of A-grade variety has been fixed at Rs 1,888 per quintal.

Besides, the government through nodal agencies is buying pulses and oilseeds at MSP under the Price Support Scheme (PSS), which gets operationalised when market rates fall below the support price.

Till September 7, about 376.65 tonne of moong at MSP value of Rs 2.71 crore has been procured from 269 farmers in Haryana and Tamil Nadu.

Similarly, 5,089 tonne of copra at MSP value of Rs 52.40 crore has been procured from 3,961 farmers in Karnataka and Tamil Nadu in the said period.

In respect of copra and urad, rates are ruling at or above MSP.

Respective state governments are making arrangements for the commencement of procurement in respect of Moong.

The Centre has given nod for procurement of 30.70 lakh tonne of Kharif pulses and oilseeds this year under the PSS in Tamil Nadu, Karnataka, Maharashtra, Telangana, Gujarat, Haryana and Uttar Pradesh as well as 1.23 tonnes of Copra in Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.

Approval for other states will be given on receipt of proposals for procurement as per PSS norms, the ministry added.

In case of cotton, state-run Cotton Corporation of India (CCI) has procured 3,525 bales at MSP value of Rs 994.28 lakhs from 753 farmers in the last one week.

Unlike before, the government is releasing the daily procurement data to send a message to farmers protesting against new farm laws that it has no intention of scrapping procurement at MSP.

Farmers in Punjab and Haryana and several other states are protesting against the new farm laws, which they feel will lead to procurement in the hands of corporates and the end of MSP regime.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, October 08 2020. 20:01 IST
RECOMMENDED FOR YOU
.