States peg kharif rice procurement at last year level despite output worry ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 29
The state governments have pegged the rice procurement target for the 2022 Kharif marketing season at around 506 lakh tonnes, the same as the last year's level, notwithstanding the likely marginal drop in the output, according to sources. However, the procurement estimates would be firmed up by the Union Food Ministry next week after deliberations with the state government officials, the sources added. The government procures paddy and converts it into the rice at mills. The procurement of paddy grown in the Kharif season starts in October. The procurement is undertaken at MSP by the state-owned Food Corporation of India (FCI) and state organisations. The government has fixed the minimum sup

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