Govt companies to acquire over 700 lakh MT paddy : The Tribune India

2020/10 08 03:10

Tribune Information Service

New Delhi, October 7

The federal government is anticipated to acquire round 738-lakh-metric-tonne (LMT) paddy on the price Rs 1.40 lakh crore within the ongoing kharif advertising and marketing season, officers mentioned right this moment.

To this point, 23 per cent extra paddy than final yr has been procured on the MSP. As on October 6, as a lot as 15.26 LMT paddy has been procured towards 12.38 LMT final yr, a rise of 23 per cent. Whereas 10.08 LMT has been procured from Punjab, it’s four.92 LMT in Haryana, in response to official figures.

Meals Secretary Sudhanshu Pandey mentioned, “The kharif procurement began early this yr on September 26 as a substitute of October 1 due to early arrival of garin out there. Final yr, 627 LMT paddy was procured. This yr, it’s estimated to be 738 LMT, 18 per cent extra. The variety of paddy procurement centres has additionally been elevated to 39,130 (28 per cent greater than that of final yr) to facilitate farmers. This yr, round Rs 1.four lakh crore will probably be transferred to farmers in kharif season towards the final yr’s Rs 1.15 lakh crore, a rise of 21 per cent.”

That is the primary procurement season after the Centre enacted the three agriculture Acts.

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