MSP Rice Procurement

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

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

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

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

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 ...

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, 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

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

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

Ironically, West Bengal and Uttar Pradesh, the top two rice-producing states, account for less than 10 per cent of the total procurement