Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
The deficit in paddy sowing has reduced to 4.52 per cent at 399.03 lakh hectares so far in the ongoing kharif season on revival of rains in some states, but it is badly affected in Jharkhand, according to agriculture ministry data released on Friday. Paddy sowing in Jharkhand has halved to 8.25 lakh hectares so far this kharif season, compared to 17.62 lakh hectares in the year-ago period, the data showed. Paddy is the main kharif crop, sowing of which begins with the onset of southwest monsoon from June. Paddy sowing is now almost over as the crop will be harvested from October. About 80 per cent of India's total production comes from this season. The government expects 6-7 million fall in kharif rice production based on the crop condition till last week. According to the ministry data, there was 12.39 per cent lag in paddy sowing till August 12 of this kharif season. However, the deficit in paddy coverage has reduced to 4.52 per cent at 399.03 lakh hectares now when compared to
Paddy procurement in the ongoing kharif marketing season at MSP has so far increased by 20 per cent to nearly 330 lakh tonnes, valued at Rs 62,278.61 crore. In the ongoing kharif marketing season (KMS) 2020-21, the government continues to procure kharif 2020-21 crops at its MSP (minimum support price) from farmers, an official statement said on Friday. The marketing season starts from October. Paddy procurement for kharif 2020-21 is continuing smoothly in Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Chandigarh, Jammu & Kashmir, Kerala, Gujarat, Andhra Pradesh, Odisha, Madhya Pradesh, Maharashtra and Bihar. The Food Corporation of India and state agencies have purchased 329.86 lakh tonnes of paddy up to December 3 as against purchase of 275.98 lakh tonnes in the corresponding period last year. "About 31.78 lakh farmers have already been benefitted from the ongoing KMS procurement operations with MSP value of Rs 62,278.61 crore," the statement said. Out of th
The Centre on Sunday said about 55.61 lakh tonnes of kharif paddy worth Rs 10,500 crore has been purchased at minimum support price (MSP) from 4.80 lakh farmers in the last 18 days. Paddy procurement commenced in Punjab and Haryana from September 26 due to early arrival of the crop, while in other states it began on October 1. More than 80 per cent of the country's paddy crop is grown in the kharif season. The government through Food Corporation of India (FCI) and state agencies undertakes procurement of paddy at MSP. "Paddy procurement through FCI and other government agencies for the 2020-21 kharif marketing season has picked up fast in some of the procuring regions like Punjab, Haryana, Tamil Nadu, Uttar Pradesh, Kerala and J&K," the Food Ministry said in a statement. Till October 13, about 55.61 lakh tonnes of paddy was procured at MSP value of Rs 10,500.72 crore, it said. For the current year, the centre has fixed the MSP of paddy (common grade) at Rs 1,868 per quintal, while