Cotton purchase of more than 10 thousand crores on MSP

December 07 2020

Cotton procurement of more than 10 thousand crores on MSP - During the current Kharif Marketing Season (KMS) 2020-21, the government continued to purchase Kharif 2020-21 crops on MSP from farmers as per their existing Minimum Support Price (MSP) schemes. is. The procurement of cotton under MSP is going on smoothly in the states of Punjab, Haryana, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Telangana, Andhra Pradesh, Odisha and Karnataka. As of 03 December 2020, 34,54,429 cotton bales have been purchased, valued at Rs 10145.49 crore, benefiting 6,89,510 farmers. Paddy Procurement for Kharif 2020-21, States and Union Territories like Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Chandigarh, Jammu and Kashmir, Kerala, Gujarat, Andhra Pradesh, Odisha, Madhya Pradesh, Maharashtra and Bihar I am running smoothly. 329 as on 03 December 2020 this year as compared to 275.98 lakh metric tonnes of the previous year. More than 86 lakh metric tonnes of paddy has been procured and thus there has been an increase of over 19.52 percent in paddy purchase over the previous year. Out of the total procurement of 329.86 lakh MT, Punjab alone has contributed 202.77 lakh MT which is 61.47 percent of the total purchase. About 31.78 lakh farmers have been benefited so far with a total MSP value of Rs 62278.61 crore.

By 03 December 2020, the government through its nodal agencies purchased 120626.22 MT of moong, urad, groundnut pods and soyabean with an MSP value of Rs 649.50 crore benefiting 68,978 farmers from Tamil Nadu, Maharashtra, Gujarat, Haryana and Rajasthan. . Similarly, 5089 MT of copra (perennial crop) has been procured at an MSP value of Rs 52.40 crore till 03 December 2020, benefiting 3,961 farmers from Karnataka and Tamil Nadu as compared to 293.34 MT of copra during the same period last year. The purchase was made. In terms of copra and urad, rates in most major producing states are higher than the MSP. The Governments of the respective State / Union Territories are making necessary arrangements in respect of Kharif crop pulses and oilseeds to start procurement on the basis of the date fixed by the respective states.

 

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Source: Krishak Jagat