FCI and state agencies procure 85.41 lakh metric tonne (LMT) of paddy in Punjab
By 2nd November 2024, farmers have delivered a total of 90.69 LMT of paddy to Punjab mandis, with State agencies and FCI procuring 85.41 LMT.
Centre disburses Rs 19800 crore benefiting 4 lakh farmers
The Government of India set the Minimum Support Price (MSP) at Rs 2320 per quintal for Grade ‘A’ paddy, and, as a result, the ongoing Kharif Marketing Season (KMS) 2024-25 procurement has already achieved a substantial total value of Rs 19,800 crore, directly benefiting around 4 lakh farmers. Moreover, a total of 4640 millers have applied for paddy shelling, and, in response, the Punjab State Government has efficiently allotted work to 4132 of these millers to seamlessly support the processing needs.
State Agencies : Punjab paddy procurement in full swing
The Procurement of Paddy for KMS 2024-25 has commenced in Punjab from 1st October 2024 and 2927 designated mandis and temporary yards are operational throughout the State for smooth procurement from the farmers of Punjab. Central Government has fixed an estimated target of 185 LMT for Paddy Procurement for the ongoing KMS 2024-25 which shall continue upto 30.11.2024.
Procurement Back on Track After Delays from September Rains
Though the procurement commenced a bit late due to heavy rains in September and high moisture content in paddy, it is back on track and has picked up in full swing now.
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