HomeNewsBusinessGovt procures paddy worth Rs 81,400 crore; purchase in volume terms up 23%

Govt procures paddy worth Rs 81,400 crore; purchase in volume terms up 23%

Nodal agencies like FCI and others have also procured 217,449 MT of moong, urad, groundnut pods and soybean having an MSP value of Rs 1164.71 crore.

December 23, 2020 / 21:05 IST
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Representative image
Representative image

The Union government on December 23 announced that paddy procurement increased by 23 percent in the ongoing Kharif marketing season to 431.14 lakh tonne, valued at Rs 81,399.80 crore.

The government has procured paddy from states such as Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Chandigarh, Jammu & Kashmir, Kerala, Gujarat, Andhra Pradesh, Odisha, Madhya Pradesh, Maharashtra and Bihar, an official statement by the Ministry of Consumer Affairs said. The paddy has been procured at Minimum Support Price (MSP).

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Paddy procurement up 21% at 375.72 lakh tonnes so far; valued at nearly Rs 71,000 crore

The latest procurement is 23 percent higher than in 2019, when 350.04 LMT of paddy was procured. About 51.90 lakh farmers have already been benefited from the ongoing procurement operations.