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Federal government obtains 98.19 lakh heap paddy at MSP for Rs 18,540 crore

Byindianadmin

Nov 23, 2020

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The sanctions for procurement of 1.23 lakh tonnes of copra for the states of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala were likewise given.ThinkStock PhotosNew Delhi: State-owned FCI and state procurement firms have actually purchased 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 obtaining states/UTs of Punjab, Haryana, UP, TN, Uttarakhand, Chandigarh, J&K and Kerala with purchase of over 98.19 lakh tonnes of paddy approximately October 19 from 8.54 lakh farmers valuing Rs 18,53986 crore at MSP (Minimum Support Price) rate of Rs 18,880 per tonne,” an official statement stated.

Paddy Procurement throughout matching period of Kharif Marketing Season (KMS) 2019-20 was 80.20 lakh tonnes.

Procurement in the current season goes beyond 22.43 per cent than the previous season, it included.

Based upon 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 Rate Support Plan (PSS).

The sanctions for procurement of 1.23 lakh tonnes of copra for the states of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala were also offered.

Till Monday, the government through its nodal agencies procured 806.11 tonnes of Moong and Urad having MSP worth of Rs 5.
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