The total purchase in October crossed 119 lt
Centre’s rice purchase at minimum support price (MSP) got a further boost during the second half of October as the Food Corporation of India (FCI) was able to procure over 70 lakh tonnes (lt) against about 60 lt a year-ago. The total purchase in October crossed 119 lt, while it was 81.85 lt the corresponding period last year. Rice procurement in the first fortnight of October was 48.47 lt.
Official sources said higher procurement was mainly due to early harvesting in Punjab, Haryana and other States. Besides, the purchase was advanced by a few days in Punjab, Haryana from normal schedule of October 1.
Rice marketing season begins from October and the procurement period varies from State to State depending on the cropping pattern followed in each State. Due to early arrival of the paddy this year, the Centre allowed procuring agencies in Punjab and Haryana to begin purchase from mid-September.
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