UP paddy procurement clocks slower growth
Virendra Singh Rawat Lucknow / Nov 22, 2018
Uttar Pradesh kharif marketing season is witnessing a sluggish pace with less than 3% of the target achieved in 50 odd days since paddy procurement process kicked off last month.
The Yogi Adityanath government is targetting paddy procurement of 5 million tonnes (MT) in 2018-19 kharif season. Paddy procurement started from October 1 in the western UP and some central UP districts and will continue till January 2019 end. The process in eastern UP and remaining central UP districts started from November 1 till February 2019 end.
However, while 35% of total days of procurement stretching from October to February have passed, the state has only procured less than 3% of the 5 MT target.
Earlier, the Yogi cabinet had hiked the paddy minimum support price (MSP) by Rs 180 to Rs 200 per quintal (100 kg) depending upon grade. While, the price was revised from Rs 1,550 to Rs 1,750 per quintal for common variety, the corresponding figures for grade A paddy was upped from Rs 1,590 to Rs 1,770 respectively.
Besides, the government announced bonus of Rs 20 per quintal over MSP, up from Rs 15 per quintal bonus last year.