FCI and state agencies procure 85.41 LMT of paddy in Punjab during Kharif Marketing Season 2024-2025 as of November 2
As of November 2, 2024, Punjab mandis received 90.69 LMT of paddy for the 2024-25 Kharif Marketing Season (KMS), with 85.41 LMT purchased by state agencies and the Food Corporation of India (FCI) at an MSP of Rs 2,320 per quintal. This procurement has supported around 400,000 farmers, with total payments reaching Rs 19,800 crore. The Punjab State Government has allocated work to 4,132 out of 4,640 millers who applied for shelling. The central government has set a 185 LMT procurement target, with operations set to continue until November 30, 2024.
As of 2nd November 2024, a total quantity of 90.69 LMT of paddy has arrived in the Punjab mandis out of which 85.41 LMT have been procured by State agencies and FCI. The paddy is being purchased at MSP @ Rs 2320/- as decided by Govt of India for Grade ‘A’ paddy and the total paddy purchased by Government till date in the ongoing KMS 2024-25, amounts to Rs 19800 crore benefitting 4 lakh farmers. Further, 4640 millers have applied for shelling of paddy and 4132 Millers have already been allotted work by Punjab State Government.
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.
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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