Tatsat Chronicle Magazine

702 Lakh Metric Tonnes Of Paddy Procured At MSP In The Current Procurement Season

February 21, 2023
paddy straw
Photo: Pixahive

Paddy procurement for  2022-23 Kharif crop is progressing smoothly with purchase of over 702 lakh metric tonnes (LMT) of paddy up to February 20. Over 96 Lakh farmers have already been benefitted from the ongoing procurement operations with Minimum Support Price (MSP) outflow of ₹1,45,845 crore with transfer of payment directly into farmers’ account.

The Ministry of Consumers Affairs, Food and Public Distribution said that all arrangements are in place for hassle-free procurement operations. Rice delivery against the procured paddy is around 218 LMT in the central pool up to February 20. Adequate rice stock is currently available in the central pool for meeting the requirements of the country.

For Kharif crop of current season, a quantity of 765.43 LMT paddy (514 LMT in terms of rice) has been estimated to be procured as against 749 LMT paddy (503 LMT in terms of rice) actually procured during last KMS 2021-22 (Kharif Crop).

The estimated procurement of paddy for Rabi crop will be finalised in the forthcoming Food Secretaries’ meeting to be held on march 1. With the inclusion of Rabi crop, it is expected that around 900 LMT paddy may be procured during the entire fiscal.