Rice procurement reaches 263 lakh tonnes

Rice procurement reaches 263 lakh tonnes

by admin- Wednesday, January 9th, 2019 07:28:25 PM

Rice procurement this season crossed 263 lakh tonnes as of 4th January 2019 as compared with 254 lakh tonnes within the closing year till January 2018.

While procurement has marginally trailed this yr in traditional states like Punjab and Uttar Pradesh, the pre-ballot announcement of bonus has reinforced arrival of paddy in Chhattisgarh and Telangana.

“Rice procurement is higher than closing 12 months up to now and it can grow to be a record excessive if the trend reflects in Andhra Pradesh and West Bengal wherein procurement lasts till June,” said a pinnacle authentic of Food Corporation of India.

After a slow starting, paddy procurement picked up in UP within the previous few weeks because the country secure procurement norms. The nation allowed as much as 35% of hybrid paddy in overall procurement.

“Procurement has picked as Uttar Pradesh government has announced diverse relaxations which includes 3 in keeping with cent better Out Turn Ratio for hybrid paddy,” a senior legitimate of Uttar Pradesh food and elements branch said.

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