Thursday, Sep 16, 2021
Outlook.com
Outlook.com

Paddy Procurement Under MSP Rises 17.52% Over Last Year Corresponding

The current procurement of paddy was over 616.43 LMTs against last year’s corresponding purchase of 524.52 LMT.

Paddy Procurement Under MSP Rises 17.52% Over Last Year Corresponding
Representational Image | Pixabay
Paddy Procurement Under MSP Rises 17.52% Over Last Year Corresponding
outlookindia.com
2021-02-08T19:49:06+05:30

Paddy purchased under Kharif crop procurement 2020-21 at MSP from farmers till Sunday, February 7, registered an increase of 17.52% against the last year corresponding, according to Ministry of Consumer Affairs, Food & Public Distribution.

The current procurement of paddy was over 616.43 LMTs against last year corresponding purchase of 524.52 LMT. The MSP value for the quantity of the procured paddy is Rs.1,16,382.24 crore, the ministry statement added.

Paddy procurement is currently going on in Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Chandigarh, Jammu and Kashmir, Kerala, Gujarat, Andhra Pradesh, Chhattisgarh, Odisha, Madhya Pradesh, Maharashtra, Bihar, Jharkhand, Assam, Karnataka, West Bengal and Tripura.

Of the total procurement till Sunday, Punjab has contributed 202.82 LMT, which is 32.90% of the total purchase.

Also, 3,08,783.12 MT of Moong, Urad, Tur, Groundnut Pods and Soyabean having MSP value of Rs.1,662.68 crores were procured till Sunday. This, the ministry stated, has benefitted 1,67,362 farmers in Tamil Nadu, Karnataka, Maharashtra, Gujarat, Haryana and Rajasthan.

Similarly, 5,089 MT of Copra having MSP value of Rs.52.40 crore has been purchased till Sunday, benefitting 3,961 farmers in Karnataka and Tamil Nadu.

Copra and Urad rates are ruling above MSP in most of the major producing states.

Procurement of seed cotton (Kapas) under MSP is going on in Punjab, Haryana, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Telangana, Andhra Pradesh, Odisha and Karnataka.

Till Sunday, 90,90,641 cotton bales valuing Rs.26,519.75 crore has been procured benefitting 18,78,824 farmers.

Advertisement

Outlook Newsletters

Advertisement

Read More from Outlook

Kohli's Stepping Down As India's T20 Captain Part Of BCCI 'Roadmap'

Kohli's Stepping Down As India's T20 Captain Part Of BCCI 'Roadmap'

Virat Kohli will hand over India's T20 captaincy after the World Cup in October-November. Given his IPL record as skipper, Rohit Sharma is widely tipped to succeed Kohli.

24 New Ministers Sworn In To Gujarat Cabinet, Bhupendra Patel To Hold First Meeting As CM

24 New Ministers Sworn In To Gujarat Cabinet, Bhupendra Patel To Hold First Meeting As CM

Governor Acharya Devvrat administered the oath to 10 cabinet ministers and 14 ministers of state along with five ministers of state with independent charge.

FM Sitharaman Announced Setting Up Of National Asset Reconstruction Company

FM Sitharaman Announced Setting Up Of National Asset Reconstruction Company

Finance Minister Nirmala Sitharaman on September 16 announced that the Cabinet has approved a central government guarantee of up to Rs 30,600 crore to back security receipts to be issued by National Asset Reconstruction Company Limited (NARCL). The guarantee would be valid for a period of five years. Asset reconstruction companies (ARCs) generally buy distressed assets with a 15 per cent cash payment and 85 per cent in security receipts.

Farmer Protests: Haryana Govt Forms Committee To Resolve Highway Blockade Issue

Farmer Protests: Haryana Govt Forms Committee To Resolve Highway Blockade Issue

Haryana government constituted a state-level committee to hold discussions with the farmers’ and farmers’ unions regarding the ongoing blockade of NH-44 by protesting farmers.

Advertisement