The government has so far procured nearly 890 lakh tonnes of paddy, an all-time high, at MSP in the current marketing year ending September for around Rs 1.68 lakh crore.
In other words, it is political compulsion, not political expediency, that has prompted the Centre to lift higher quantities of grain, pulses and other farm commodities
The government's paddy procurement has increased by 19 per cent so far this kharif marketing season
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
Government-owned FCI and state procurement agencies have bought 106.88 lakh tonnes of paddy so far in the kharif marketing season for Rs 20,180 crore, an official statement said on Wednesday
State-owned FCI and state procurement agencies have bought 98.19 lakh tonnes of paddy till Monday for Rs 18,540 crore. "Paddy procurement for Kharif 2020-21 is progressing at a fast pace in the procuring states/UTs of Punjab, Haryana, UP, TN, Uttarakhand, Chandigarh, J&K and Kerala with purchase of over 98.19 lakh tonnes of paddy up to October 19 from 8.54 lakh farmers valuing Rs 18,539.86 crore at MSP (Minimum Support Price) rate of Rs 18,880 per tonne," an official statement said. Paddy Procurement during corresponding period of Kharif Marketing Season (KMS) 2019-20 was 80.20 lakh tonnes. Procurement in the current season exceeds 22.43 per cent than the previous season, it added. Based on the proposal from the states, approval was accorded for procurement of 42.46 lakh tonnes of pulses and Oilseeds of Kharif Marketing Season 2020 from Tamil Nadu, Karnataka, Maharashtra, Telangana, Gujarat, Haryana, Uttar Pradesh, Odisha, Rajasthan and Andhra Pradesh under the Price Support ...
In the procuring States, purchase of 32,12,439 MT of paddy has taken place up to October 9 from over 2.83 lakh farmers with an MSP outflow of Rs 6,065.09 crore
As per the Chief Minister's Office, It was also decided that the Paddy would be purchased for any number of days
State seeks funds for minimum support price it will pay to farmers, guarantees interest on loan.
Centre on Tuesday said 16,420 tonnes of paddy worth Rs 31 crore has been procured at MSP in the last 72 hours from farmers in Punjab and Haryana, while procurement has just commenced in other states
The state government has directed to lift the procured crop within 48-hours
The official reason given by Centre is that procurement had to start early in the wake of early arrival of the kharif crop in the two states
According to the ministry, state procuring agencies including Food Corporation of India (FCI) are in a state of readiness for smoothly undertaking procurement operations
The chief minister made the announcement during a meeting held late this evening with heads of the Haryana State Grain Markets Association.
The huge stocks of paddy that the farmers had maintained for selling were reportedly damaged following heavy rains in the state the past three days
Move follows Centre's refusal to buy grain from states paying more than minimum support price; state govt had purchased paddy at Rs 2,500 a quintal last year
Exporters hopeful of Iran market improving next year
Congress govt in the state had been mounting pressure on Centre to allow procurement at a higher price
Central govt rejects state demand saying norms can't be changed only for Chhattisgarh just to accommodate the higher procurement price it was paying farmmers for paddy
A slump in sales across the country has plunged the sector into a severe crisis