Msp Rice Procurement

India's rice stocks reaches record high, boosting export potential

In the middle of overflowing grain bins, Indian farmers have gathered a record rice crop of 120 million tons from this year's summer season, which accounts for nearly 85 per cent of total rice output

Assam, Arunachal, Himachal, TN face grave climate risk to rice productivity

The states at yield risk till a few years back accounted for less than 20 per cent of India's annual rice production

Need for collective effort to improve DSR paddy cultivation: White paper

The paper calls for better post-harvesting facilities for quicker adoption of DSR technique

Thailand replaces its Ambassador to WTO following strong protest by India

Thailand has replaced its Ambassador to WTO Pimchanok Vonkorpon Pitfield from here following a strong protest lodged by India on her contentious comment on New Delhi's rice procurement programme, a top government official said on Friday. The official said that Pitfield has been asked to report back to Thailand after the 13th ministerial conference (MC), which has entered the fifth day of talks. She has been learnt to have replaced the Thai foreign secretary. India has expressed strong disappointment over Pitfield's remarks during a consultation meeting on Tuesday accusing New Delhi that India's rice procurement programme at Minimum Support Price (MSP) for the public distribution system is not for people but for capturing the export market, the official said. Following this, India has formally registered its protest with the Thai government and has also expressed displeasure with the WTO chief Ngozi Okonjo-Iweala, agri committee chair Kenya and UAE. "The Thai Ambassador has been ...

Slow purchases in some states drag rice procurement for central pool

Rice procurement for the central pool remains sub-par for the 2023-24 season starting in October due to slow purchases in Chhattisgarh, Telangana and Madhya Pradesh

Paddy politics heats up in Chhattisgarh ahead of Assembly elections

Paddy procurement during the current season is a key issue as Chhattisgarh goes to polls in two phases on November 7 and 17

Govt sets target to procure 52.1 mn tonnes of rice from kharif crop

The government has set a target to procure 521.27 lakh tonnes of rice being cultivated during the ongoing kharif season. It has procured 496 lakh tonnes of rice from last year's kharif crop. Paddy is grown in both the kharif (summer-sown) and rabi (winter-sown) seasons. Food Secretary Sanjeev Chopra chaired a meeting of State Food Secretaries and Food Corporation of India (FCI) on August 21 to discuss the procurement arrangements for the Kharif crop in the ensuing Kharif Marketing Season (KMS) 2023-24, which runs from October-September. "A quantity of 521.27 lakh tonnes rice has been estimated for procurement during the forthcoming KMS 2023-24 (Kharif crop) as against the previous year estimates of 518 lakh tonnes wherein 496 lakh tonnes was actually procured during KMS 2022-23 (Kharif crop)," the food ministry said in an official statement. During KMS 2023-24 (Kharif crop), rice procurement in Punjab is estimated at 122 lakh tonnes, Chhattisgarh (61 lakh tonnes), Telangana (50 la

After denying rice to Karnataka, FCI struggles to find bidders in e-auction

Only private entities were eligible to participate in the auction

Govt's rice procurement reaches 55.8 mn tonnes, wheat 26.2 mn tonnes so far

The government's rice procurement has reached 55.8 million tonnes so far in the ongoing 2022-23 marketing season, benefitting 1.22 crore farmers with MSP of Rs 1.7 lakh crore, the food ministry said on Tuesday. Wheat procurement has reached 26.2 million tonnes so far in the 2023-24 rabi marketing year (April-March), more than the last year's total procurement of 18.8 million tonnes. "With the current procurement of wheat and rice, adequate food grains stock in government granaries is maintained," the ministry said in a statement. The combined stock position of wheat and rice has reached 57 million tonnes, which puts the country in a comfortable position to meet its requirements of food grains, it noted. The Food Corporation of India (FCI) along with state agencies undertakes procurement of paddy and wheat under price support scheme. Paddy is procured and converted into rice through milling. According to the ministry, a total of 83 million tonnes of paddy (55.8 million tonnes in te

Govt's rice procurement reaches 52.06 MT so far; pays Rs 1.6 trn MSP

The government's rice procurement has reached 52.06 million tonnes so far in the ongoing 2022-23 marketing season, benefitting 1.12 crore farmers with MSP of Rs 1.6 lakh crore, the food ministry said on Friday. The Food Corporation of India (FCI) along with state agencies undertakes procurement of paddy under price support scheme. The Centre has set a target to buy 62.60 million tonnes of rice in the 2022-23 marketing season (October-September). The FCI had procured 57.58 million tonnes of rice during the 2021-22 marketing season. According to the food ministry, a total of 52.06 million tonnes of rice was procured up to May 22 of the current kharif marketing season. As many as 1.12 crore farmers have benefited from the procurement operation. About Rs 1,59,659.59 crore has been paid as minimum support price (MSP) to them, it said in a statement. The government has fixed MSP of 'common' grade paddy at Rs 2,040 per quintal, while 'A' grade paddy at Rs 2,060 per quintal for the curren

India's wheat stocks dwindle to a 6-year low of 8.34 MMT, down 57% YoY

Last year, in the month of April, the wheat stocks in the country stood at 18.9 MMT and there were concerns regarding the wheat stocks in the country

Paddy worth Rs 16,000 crore procured this season in Chhattisgarh

The paddy procurement process started in the state-run primary cooperative societies' 2,600 procurement centres from November 1

Rice over riots in Chhattisgarh: The paddy trade in Red hotbed

Over 2,000 farmers from the interior areas of the worst Maoist-infested Narayanpur district will be selling paddy for the first time at MSP at the procurement centres

Govt to lift 51.8 mn tonnes rice in 2022-23, double coarse cereal purchases

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

Govt to lift 51.8 mn tonnes rice in 2022-23, double coarse cereal purchases

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

States peg kharif rice procurement at last year level despite output worry

The state governments have pegged the rice procurement target for the 2022 Kharif marketing season at around 506 lakh tonnes, the same as the last year's level, notwithstanding the likely marginal drop in the output, according to sources. However, the procurement estimates would be firmed up by the Union Food Ministry next week after deliberations with the state government officials, the sources added. The government procures paddy and converts it into the rice at mills. The procurement of paddy grown in the Kharif season starts in October. The procurement is undertaken at MSP by the state-owned Food Corporation of India (FCI) and state organisations. The government has fixed the minimum support price (MSP) of 'common' grade paddy at Rs 2,040 per quintal and 'grade A' at 2,060 per quintal for the 2022-23 marketing year. According to sources, the state governments have made a preliminary assessment of the Kharif paddy crop and come out with their estimate of production and ...

Can FCI's subsidy wipe-out serve as a base for deeper food subsidy reforms?

If clearing of FCI's outstanding dues and loans does not spur further reforms, they will once again reach current levels in the next 4-5 years, say experts

Punjab's real problem: The loss of its entrepreneurial impulse

Punjab, once India's richest state, has slipped and fallen behind. It needs to get off the paddy-wheat-MSP high and rediscover its entrepreneurial impulse

An examination of the pitfalls of the open-ended grain procurement system

While the agitating farmers are clamouring for its continuation, the mechanism is a drain on govt resources, with the Centre buying far in excess of what it needs for distribution under PDS

Tweak FCI's procurement strategies to boost rice exports: Expert panel

Rice is among the biggest agriculture exports from India along with buffalo meat and cotton