Paddy purchases trail last year’s levels

Elvera Bartels

Telangana and Chhattisgarh are two exceptions exactly where procurement of paddy has absent up in present season, when there has been one for each cent fall pan-India in acquire of the critical kharif cereal given that October 1.

Punjab, exactly where procurement exceeded the State’s output final 12 months, has found an 8 for each cent slide in paddy acquire when poll-bound Uttar Pradesh has noted eighteen for each cent fall through on-going season.

Over-all buys of paddy in the country are at 497.48 lakh tonnes (lt) as of January three, against 502.seventy nine lt 12 months-in the past, official details demonstrate. The concentrate on for this kharif season is 528.26 lt in terms of rice.

Telangana — exactly where procurement commenced late due to the stand-off among Condition and the Centre on parboiled rice problem — has found over a fifty for each cent enhance at 63.85 lt, when it was up four.three for each cent at 55.09 lt in Chhattisgarh. The concentrate on for Telangana is 46 lt in terms of rice from the kharif crop and 93 for each cent has presently been procured.

Haryana has found a 2.2 for each cent fall at 55.thirty lt, when Odisha has noted forty.36 for each cent decrease at thirteen.86 lt.

 

Costs below MSP

“It is shocking to see a slide in paddy procurement as the believed rice output this kharif is at history 1,070 lt and mandi rates in most of the manufacturing states are ruling below the minimum amount guidance selling price (MSP),” stated Ashok Garg, a trader in Hapur, Uttar Pradesh. The common mandi rates are among ₹1,800 and ₹1,900 for each quintal now against paddy MSP of ₹1,940/quintal, traders stated. Nonetheless, there are also experiences of farmers advertising paddy at ₹1,500-1,600 to middlemen at village stages, largely in jap pieces of the country.

FCI stock position

FCI’s rice stock position ought to be 86 lt (buffer norm and strategic reserve) as of January 1, whereas it experienced 213 lt of rice and supplemental 358.78 lt in kind of paddy as on December 1, 2021. The agency is likely to have pretty much exact stage of stock in perspective of on-going procurement season.

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