Govt agencies procure over 92% paddy

Written by:
Subscribe to Oneindia News

Chandigarh, Nov 12 (UNI) The six government agencies have procured 92.2 per cent of paddy this year against 82 per cent procured last year, showing an increase of over 10.2 per cent, whereas the private millers have purchased only 7.8 per cent of total procurement against 18 per cent recorded last year.

According to an official spokesman, the market share of official agencies in the procurement is high due to bumper crop and steep decline of traders share is due to ban on export of non-Basmati rice this year.

The six government agencies and millers procured over 1,28,85,694 tonnes of paddy till yesterday. PUNGRAIN maintained its lead in procurement by procuring 29.9 per cent of total paddy, that is 35,48,337 tonnes whereas MARKFED share was 23.0 per cent with procurement of 27,32,167 tonnes of paddy. PUNSUP procured 26,74,445 tonnes of paddy, Punjab State Warehousing Corporation procured 14,77,796 tonnes of paddy and Punjab Agro besides procured 12,47,530 tonnes of paddy.

The Central Government Agency FCI procured only 2,04,290 tonnes of paddy, which is just 1.7 per cent of total procurement, while the millers procured 10,01,129 tonnes paddy till yesterday.

Ludhiana district is leading in paddy procurement by procuring 16 lakh tonnes of paddy so far, followed by Sangrur with 14,63,216 tonnes of paddy, Ferozepur with 12,05,925 tonnes, Moga 11,34,957 tonnes and Patiala with 11,26,803 tonnes paddy.

Electronic Clearing System (ECS) introduced by Punjab in Mandis of two districts this year and online monitoring system introduced all over state to make payments to the farmers has proved to be a huge success as Rs 10,130.75 crores were paid to farmers till yesterday, the spokesman said.

Moreover, Bonus of Rs 50 per tonne announced by the Central Government is being credited in the bank accounts of farmer's directly. A credit cash limit of Rs 12,623.62 crore sanctioned by the Reserve Bank of India for the procurement of paddy for the Kharif season by all the state agencies has been received by the state Finance Department.


Please Wait while comments are loading...