Paddy worth Rs 675 million to be procured in current F/Y
Summary
The government will procure 15,000 metric tons of paddy at the minimum support price this fiscal year, with Rs 675 million allocated for the purchase. The move is expected to provide farmers a fair price and reduce market uncertainty.
Key Points
- The government will procure 15,000 metric tons of paddy during the current fiscal year.
- Rs 675 million has been allocated for the procurement at the minimum support price.
- The minimum support price for monsoon paddy has been fixed at Rs 3,660 per quintal, while coarse and medium-grade paddy will be bought at Rs 3,860 per quintal.
- The Ministry of Agriculture, Forest and Environment is coordinating with the Ministry of Industry, Commerce and Supplies, and procurement has already started.
