36 C
Guwahati
Saturday, May 25, 2024

Govt’s rice procurement reaches 52.06 million tonnes

As many as 1.12 crore farmers have benefited from the procurement operation

- Advertisement -
- Advertisement -

NEW DELHI, May 26 (PTI): 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).

- Advertisement -

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 current year.

- Advertisement -

According to the third estimate of the agriculture ministry, rice output is pegged at a record 135.54 million tonnes for 2022-23 crop year, as against 129.47 million tonnes in the previous year.

The ministry said paddy brought to the purchase centres which are within the prescribed quality specifications are purchased at the fixed MSP.

If the farmers get prices better than the support price from other buyers such as traders/millers etc., they are free to sell their produce to them. FCI and the state government/agencies ensure that the farmers are not compelled to sell their produce below support price, it said.

FCI and most of the state governments have developed their own online procurement system through which farmers get latest/updated information regarding MSP declared, nearest purchase centre, date of procurement etc., it added.

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -
10 Breathtaking Waterfalls in India 9 Adverse Effects of Air Conditioners on Health 9 Well-Known Mango Varieties Found Across India 5 National Parks You Should Visit in India Before Monsoon Hits Experience Shillong’s 7 Unforgettable Sights That Will Awaken Your Senses!