India Region

Paddy Procurement crosses 700 LMT mark benefiting over 96 lakh farmers

22 February 2023, New Delhi: Paddy procurement for KMS 2022-23 (Kharif crop) is progressing smoothly with the purchase of over 702 LMT of paddy up to 20th February. Over 96 Lakh farmers have already benefitted from the ongoing KMS procurement operations with an MSP outflow of Rs. 1,45,845 crores with the transfer of payment directly into farmers’ accounts. 

All arrangements are in place for hassle-free procurement operations. Rice delivery against the procured paddy is around 218 LMT in the central pool up to 20th February. Adequate rice stock is currently available in the Central Pool for meeting the requirements of the country. 

For the Kharif crop of current KMS 2022-23, a quantity of 765.43 LMT Paddy (514 LMT in terms of Rice) has been estimated to be procured as against 749 LMT Paddy (503 LMT in terms of Rice) procured during the last KMS 2021-22 (Kharif Crop). 

The estimated procurement of Paddy for the Rabi crop of KMS 2022-23 is going to be finalized in the forthcoming Food Secretaries’ meeting to be held on 1st March 2023. With the inclusion of the Rabi crop, it is expected that around 900 LMT paddy may be procured during the entire KMS 2022-23.

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