Paddy price Rs 159,660 cr procured from farmers at assist worth: Govt

Funds price Rs 159,659.59 crore have been made to as many as 1.12 crore farmers by the centre for having procured paddy at Minimal Assist Worth (MSP), the Union meals ministry mentioned Friday.

Meals Company of India, the nodal central company, together with different state companies undertakes procurement of paddy below the value assist scheme (at MSP). These procured paddy is then milled to make rice and distributed to the general public below varied meals safety schemes.

Farmers aren’t legally certain to promote their produce to authorities companies however they’re free to promote their produce wherever at any costs they get.

“If the farmers get costs higher than the assist worth from different patrons resembling merchants/millers and many others., they’re free to promote their produce to them.”

“FCI and the state authorities/companies (nevertheless via its procurement drive) be sure that the farmers aren’t compelled to promote their produce under assist worth,” the meals ministry mentioned in a launch.

Earlier than the harvest, throughout every Rabi or Kharif crop season, the central authorities declares the minimal assist costs (MSP) for procurement. Paddy MSP for 2022-23 is Rs 2,040-2,060.

India has three cropping seasons — summer time, kharif, and rabi.Crops sown throughout June-July and harvested in October-November are kharif. Crops which are sown throughout October-November and the produce harvested from January-March relying on maturity is Rabi. Crops produced after rabi however forward of kharif are summer time crops.

In the meantime, third advance estimates of manufacturing of main crops for the agricultural 12 months 2022-23 launched by the agriculture ministry on Thursday pegged whole foodgrain manufacturing within the nation at a report 330.5 million tonnes, which is greater by about 15 million tonnes as in comparison with the earlier 12 months 2021-22.

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