Indian Economy News

Government’s paddy procurement up 9% at 306 lakh tonnes so far this year

  • IBEF
  • November 29, 2022

According to Food Ministry data, the government's paddy procurement for the central pool has increased by more than 9% to 306.06 lakh tonnes so far in the ongoing 2022-23 Kharif marketing season. More paddy was purchased from Punjab, Haryana, Chhattisgarh, and Telangana. Normally, paddy procurement begins immediately after the Southwest monsoon departs in October. However, it begins in the southern states, particularly Kerala and Tamil Nadu, in September.

The government intends to purchase 775.72 million tonnes of paddy during the 2022-23 Kharif marketing season (October-September). In the previous Kharif marketing season, actual procurement was a record 759.32 lakh tonnes. Total paddy purchase increased to 306.06 lakh tonnes until November 27 of the 2022-23 kharif marketing season, up from 280.51 lakh tonnes the previous year, according to official data.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.