Govt’s paddy procurement at MSP reaches 161.47 lakh tons so far

New Delhi,  The government on Thursday said 161.47 lakh tonne of kharif paddy has been procured directly from the farmers at the support price so far, and the buying operation is progressing smoothly. Paddy procurement is undertaken by the state-run Food Corporation of India (FCI) along with state agencies.

The agencies are procuring paddy grown in the kharif (summer) season at the minimum support price (MSP).

“Up to November 1, a quantity of 161.47 lakh tonne of paddy has been procured, benefitting about 9.33 lakh farmers with MSP value of Rs 35,571.14 crore,” the food ministry said in a statement.PTI