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Procurement of Cotton for the season 2020-21 to commence from 1st October 2020

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28 September 2020, New Delhi: The arrival of Kharif Marketing Season 2020-21 has just begun and the Government continues to procure Kharif 2020-21 crops at MSP from farmers as per its existing MSP Schemes as done in previous seasons. 

Also Read: First Advance Estimates of Production of major Kharif crops for 2020-21 released

Based on the proposal from the States, approvalhas been accorded for procurement of 13.77 LMT of Pulse and oilseeds for KMS 2020-21for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana and Haryana. For the other States/UT, approval will also be accorded on receipt of proposal for Kharif Pulses and oilseeds and procurement will be made as per Price Support Scheme(PSS), if the market rates goes below its MSP.

Upto 24.09.2020, the Government through its Nodal Agencies has procured 34.20 MT of Moong having MSP value of Rs.25 lakhs benefitting 40 farmers in Tamil Nadu. Similarly, 5089 MT of copra(the perennial crop) having MSP value of Rs. 52.40 crore has been procured benefitting 3961 farmers in Karnataka and Tamil Nadu against the sanctioned quantity of 95.75 LMT for the Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.

Also Read: No plan to increase the rate of DAP and NPK fertilizers: IFFCO

The procurement of Paddy during Kharif Marketing Season 2020-21 has just started from 26th September, 2020 andupto 27.09.2020, 5637 MT having MSP value of Rs. 10.53 crore at MSP of Rs 1868 per quintal has been procured from 390 farmersof Haryana and Punjab.The procurement of paddy for the remaining States will commence from 28.09.2020.

The procurement of Cotton for the season 2020-21 shall commence from 1st October 2020 and Cotton Corporation of India (CCI) will start purchase of FAQ grade Cotton from 1st October 2020 onwards.

Photo credit: Martin LaBar on VisualHunt / CC BY-NC

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