The Union authorities has procured 28.6 million tonnes of paddy, the principle summer season staple, which is 18.6% greater than final yr, with Punjab’s share being the very best at almost 70%, based on the meals ministry’s knowledge as on November 17.
The federal government has paid a minimal assist worth (MSP) worth of Rs54,147 crore to date to almost 2.7 million farmers in key rice-growing states, corresponding to Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Kerala, and Andhra Pradesh.
Punjab alone has contributed over 19.6 million tonnes, which is 69.7% of the overall procurement. Final yr, until November 17, the federal government had procured 24.1 million tonnes of paddy.
Manufacturing of kharif or summer season crops this yr is prone to be a document 144.5 million tonnes, marginally greater than the 143.four million tonnes produced through the kharif season of 2019-20, based on an official forecast. Increased output, buoyed by a strong monsoon, is among the causes behind greater procurement this yr.
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The Union authorities is heading in the right direction to purchase a document amount of paddy this yr to additionally blunt the politically delicate farmers’ agitation towards a set of legal guidelines enacted to liberalise the agriculture sector. Farmers protesting the legal guidelines worry the reforms will erode their bargaining energy and result in a collapse of the procurement system, referring to the federal government’s assured shopping for of farm produce at federally mounted costs.
The meals ministry’s official projections present that the federal government’s complete procurement for summer season paddy (2020-21) will contact 74.2 million tonnes, up from 62.7 million tonnes procured throughout 2019-20, a rise of 18%.
The meals ministry has expanded its procurement operations for summer-sown crops to cowl an estimated 10.5 million paddy growers, towards final yr’s 10.2 million. The federal government has additionally raised the variety of paddy-purchase centres by 27%, which now stands at 39,122, up from 30,709 final yr.
Managing the inventory would possibly change into troublesome owing to greater procurement except the federal government offloads extra as meals grants to the poor, based on Abhishek Agrawal of Comtrade, a commodities buying and selling agency.
From April to November 2020, the federal government has made extra choices of free meals underneath the Pradhan Mantri Garib Kalyan Yojana (PMGKY), launched after the Covid-19 outbreak.
This has freed up storage capacities of bulging state-held granaries and made manner for greater paddy procurement. The full allocation underneath the PMGKY is 32.1 million tonnes. This included 21.four million tonnes of rice and 10.6 million tonnes of wheat. Whole federally held meals shares as on September 1, 2020, stood at 77.three million tonnes, up from 71.2 million tonnes on the identical date final yr.