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Centre buys record 874 lakh tonnes of paddy thus far at MSP for Rs 1.65 lakh crore

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Paddy procurement within the ongoing KMS 2020-21 is constant smoothly within the procuring states. Kharif's marketing season runs from October to September.

 Representative Image. (Reuters)

The Centre has procured a record 873.68 lakh tonnes of paddy thus far within the 2020-21 marketing year ending September for nearly Rs 1.65 lakh crore.

Paddy procurement has reached at an all-time high level, surpassing the previous high of 773.45 lakh tonnes in KMS (Kharif Marketing Season) 2019-20, a politician statement said.

"About 129.03 lakh farmers have already been benefited from the continued KMS procurement operations with MSP value of Rs 1,64,951.77 crore," it said.

Paddy procurement within the ongoing KMS 2020-21 is constant smoothly within the procuring states. Kharif's marketing season runs from October to September.

The Centre has purchased 873.68 lakh tonnes of paddy (including Kharif crop 707.69 lakh tonnes and Rabi crop 165.99 lakh tonnes) till August 23 against 763.01 lakh tonnes within the corresponding period of the previous year.

The food ministry said that the rabi marketing season (RMS) 2021-22 has concluded in wheat procuring states.

Till August 18, a record quantity of 433.44 lakh tonnes of wheat has been procured as against 389.93 lakh tonnes within the year-ago period.

"About 49.20 lakh farmers have already been benefited from the continued RMS procurement operations with MSP value of Rs 85,603.57 crore," the statement said.

The Rabi Marketing Season runs from April to March. However, the majority of wheat procurement is completed during the April-June period.

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