About 43 lakh tonne of kharif paddy worth Rs 8,033 crore was purchased at the minimum support price (MSP) from 3.57 lakh farmers in the last 16 days, the food ministry said on Monday. Paddy procurement commenced in Punjab and Haryana from September 26 due to early arrival of the crop, while in other states it began from October 1. More than 80 per cent of the country's paddy crop is grown in the kharif season. The government through the Food Corporation of India (FCI) and state agencies undertakes procurement of paddy at MSP. "Paddy procurement in the 2020-21 kharif marketing season is going on smoothly in the procuring states with purchase of about 42.55 lakh tonne of paddy up to October 11 from over 3.57 lakh farmers with MSP value of Rs 8,032.62 crore," the ministry said in a statement. For the current year, the centre has fixed MSP of paddy (common grade) at Rs 1,868 per quintal, while that of A grade variety has been fixed at Rs 1,888 per quintal. In case of cotton, state-own
Farmers in Maharashtra's Gondia and Bhandara districts who have grown early maturing varieties of paddy are worried as the retreating monsoon rains pose a threat to their standing crops
The central government on Sunday said that over Rs 1,000 crore has been paid to 41,084 farmers for procurement of paddy on Minimum Support Price
State seeks funds for minimum support price it will pay to farmers, guarantees interest on loan.
Amid widespread farmers' protest against the new farm laws, the Centre on Monday came out with the latest data of paddy procurement in the last 48 hours to allay any apprehensions over the MSP buying
The state government has directed to lift the procured crop within 48-hours
Increase in area under this season due to healthy rains and smuggling of fertlisers to Nepal said to be key reasons for crisis
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Shortage of labour with expertise to plant paddy has prompted the state to encourage farmers to grow less labour-intensive crops
Last season, the state could hardly achieve 3.5 MT of paddy procurement in the corresponding period
Iran is the largest buyer of Indian basmati and shipments had stood at nearly $1.5 billion in 2018-19
The huge stocks of paddy that the farmers had maintained for selling were reportedly damaged following heavy rains in the state the past three days
Congress govt in the state had been mounting pressure on Centre to allow procurement at a higher price
Rice has been sown on 50 million hectares as on August 23, about 23% lower than area covered during same period last year
In its outlook for kharif crop in 2019-20, Skymet said the rice production is expected to fall 12.4 per cent year-on-year to 88.66 million tonnes
The support price of paddy common variety has been raised to Rs. 1,470 per quintal
Sowing acreage has been higher and crop estimates more optimistic in the kharif season, according to the reports
Procurement, though, still miniscule as compared to total procurement from traditional sources