Government Has Bought 462.88 Lakh Tonne Of Paddy At MSP So Far This Kharif Season
Rice grows in a paddy field. (Photographer: Dimas Ardian/Bloomberg)

Government Has Bought 462.88 Lakh Tonne Of Paddy At MSP So Far This Kharif Season

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The government has procured 462.88 lakh tonnes of paddy worth Rs 87,392 crore at minimum support price so far this kharif marketing season.

The government continues to procure Kharif 2020-21 crops at MSP from farmers, an official statement said. The kharif marketing season starts from October.

Food Corporation of India, the government's nodal agency for procurement and distribution of foodgrains, has bought 462.88 lakh tonnes of paddy till Dec. 28, as against 370.57 lakh tonnes in the corresponding period of the previous year.

"About 57.47 lakh farmers have already been benefitted from the ongoing KMS procurement Operations with MSP value of Rs 87,391.98 crore," the statement said.

Also read: New Farm Laws: Good Intent, Missing Safeguards

Out of the total purchase of 462.88 lakh tonnes, Punjab has contributed 202.77 lakh tonnes, which is 43.80% of the total procurement.

Till Dec. 28, a quantity of 69,56,291 cotton bales valuing Rs 20,391.36 crore has been procured benefitting 13,53,139 farmers, the food ministry said.

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