India plans for rapid procurement of kharif crops at MSP the marketing season 2020-21

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Photo courtesy - Asian Development Bank

Indian government agencies have continued to procure kharif 2020-21 crops at the designated minimum support prices from farmers as during the current kharif marketing season (KMS) 2020-21 which commenced early this month.

According to a Press Information Bureau note, total procurement of paddy across all states in India increased by 48 per cent from 17.7 lakh tonnes last year to 26.3 lakh tonnes this year, as on 8 October, 2020. Punjab registered an unprecedented increase of procurement from 1.76 lakh tonnes last year to 15.99 lakh tonnes this year, more than 900% of the Kharif procurement so far as compared to last year. Both in Tamil Nadu and Uttar Pradesh, paddy procurements have seen significant jump till now.

Based on the proposal from the states, the government has further approved procurement of 30.70 lakh tonnes of pulse and oilseeds for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana, Gujarat, Haryana, Uttar Pradesh and Andhra Pradesh. The government has also sanctioned the procurement of 1.23 lakh tonnes of Copra (the perennial crop) for the states of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.

For other States and central union territories, the government has instructed the nodal procurement agencies to start procurement of crops if the markets rates dip below the prescribed MSPs.

Till last week, the government through its nodal agencies has procured 455.60 tonnes of moong with an MSP value of Rs. 3.28 crore benefitting 324 farmers in Tamil Nadu and Haryana. Similarly, 5089 tonnes of copra out of the sanctioned quantity of 1.23 lakh tonnes for Andhra Pradesh, Karnataka, Tamil Nadu and Kerala has been procured at the MSP rate valued at Rs. 52.40 crore.  Copra and Urad, rates are ruling at or above MSP currently in some of these states. Cotton Corporation of India has procured a quantity of 11,755 bales of 170 kg each under MSP for a value of Rs 3314.55 lakh.

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