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Kharif Procurement Continues At Good Pace

Capital Market 

The arrival of Kharif Marketing Season (KMS) 2020-21 has already commenced and Government continues to procure Kharif 2020-21 crops at its MSP from farmers as per its existing MSP Schemes as was done in previous seasons. With start of procurement in some new States like Uttarakhand, the paddy procurement for KMS 2020-21 is progressing in full swing with purchase of over 76.77 LMTs of paddy upto 16.10.2020 from 6.69 lac farmers with MSP outflow of Rs.14495.22 crores.

Based on the proposal from the States, approval was accorded for procurement of 41.67 LMT of Pulse and Oilseeds of Kharif Marketing Season 2020 for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana, Gujarat, Haryana, Uttar Pradesh, Odisha, Rajasthan and Andhra Pradesh under Price Support Scheme (PSS). Further, sanction for procurement of 1.23 LMT of Copra (the perennial crop) for the State of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala was also given. For other States/UTs approval will also be accorded on receipt of proposals for procurement of Pulses, Oilseeds and Copra under PSS so that procurement of FAQ grade of these crops can be made at notified MSP for the year 2020-21 directly from the registered farmers, if the market rate goes below MSP during the notified harvesting period in the respective States/UTs by the Central Nodal Agencies through State nominated procuring agencies.

Upto 16.10.2020, the Government through its Nodal Agencies has procured 723.79 MT of Moong and Urad having MSP value of Rs. 5.21 Crores benefitting 681 farmers in Tamil Nadu Maharashtra and Haryana. Similarly, 5089 MT of copra (the perennial crop) having MSP value of Rs. 52.40 crore has been procured benefitting 3961 farmers in Karnataka and Tamil Nadu. In respect of Copra and Urad, rates are ruling above MSP in most of the major producing States. The respective State/UTs Governments are making necessary arrangements for commencement of procurement from the date as decided by the respective States based on the arrivals in respect of Kharif Pulses and Oilseeds.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, October 19 2020. 15:54 IST
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