Paddy procurement rises 26% this kharif season at 17 million tonne

The Food Corporation of India and state procurement agencies have bought 26 per cent more paddy so far in this year's kharif marketing season at 170.53lakh tonne for Rs 32,196 crore.

Paddy procurement for kharif 2020-21 is continuing at a good pace in Punjab, Haryana, Uttar Pradesh, Tamil Nadu, Uttarakhand, Chandigarh, Jammu & Kashmir, Kerala and Gujarat with purchase of over 170.53 lakh tonne of paddy till Tuesday against 134.85 lakh tonne in the same period last year.

Out of the total purchase, Punjab alone has contributed114.97 lakh tonne, which is around 67 per cent of the total procurement.

"About 14.37 lakh farmers have already been benefitted from the ongoing KMS procurement Operations with MSP value of Rs 32,195.69 crore," an official statement said.

Procurement operations of seed cotton (kapas) under MSP are going onsmoothly in Punjab, Haryana, Rajasthan and Madhya Pradesh.

Till October 27, total 4,42,266 cotton bales valuing Rs 1,299.51 crore have been procured,benefitting 84,138 farmers, it said.

Oilseeds, pulses and copra are also being purchased.


(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.)


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