Authorities to acquire 738 LMT paddy at the price of Rs 1.40 lakh crore within the ongoing Kharif Advertising and marketing Season : The Tribune India

2020/10 07 15:10

Tribune Information Service

New Delhi, October 7

The federal government is predicted to acquire round 738 LMT paddy on the value Rs 1.40 lakh crore within the ongoing Kharif Advertising and marketing Season, officers mentioned on Wednesday.

Up to now, 23 per cent extra paddy than final 12 months has been procured on the MSP, as per official information.

As on October 6,  as a lot as 15.26 LMT paddy has been procured towards 12.38 LMT final 12 months, a rise of 23 per cent.

Whereas 10.08 LMT has been procured from Punjab, in Haryana it’s four.92 LMT, in line with official figures

“The Kharif procurement began early this 12 months on September 26 as a substitute of October 1 due to early arrival of grain available in the market,” mentioned Meals Secretary Sudhanshu Pandey.

“Final 12 months 627 LMT paddy was procured, this 12 months it’s estimated to be 738 LMT, 18 per cent extra,” he mentioned, including, “the variety of paddy procurement centres has additionally been elevated to 39,130 (28 per cent extra over final 12 months) to facilitate farmers.”

“This 12 months round Rs 1.40 lakh crore can be transferred to farmers in Kharif Advertising and marketing Season towards Rs 1.15 lakh crore final 12 months, a rise of 21 per cent,” mentioned Pandey.

That is the primary procurement season after the Centre enacted the three agriculture Acts, resulting in turmoil in Punjab and Haryana. 

Reiterating that the MSP “will stay now and without end”, officers mentioned the federal government would proceed procuring on the MSP to satisfy its dedication beneath the Public Distribution System.

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