Punjab is expecting a record procurement of over 182 lakh tonnes of paddy this season. It had procured over 168 lakh tonne in a bumper crop season last year.
The paddy arrival in Haryana is much higher than the 59.32 lakh tonne paddy that arrived in the grain markets in the corresponding period last year.
Government agencies have procured 98.5 per cent of the paddy arriving in the grain markets in Punjab. In Haryana, the agencies have procured nearly 95 per cent of the paddy arrivals. The rest of the paddy has been procured by rice millers and traders.
The procurement of paddy began in both states on October 1. Paddy arrival and procurement will continue till the end of November.
The Reserve Bank of India has sanctioned an amount of over Rs 33,800 crore for paddy procurement in Punjab this Kharif season.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)