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Commodity Tips, Punjab, Haryana procure over 250 lakh tonnes paddy
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With a bumper crop, Punjab and Haryana have procured over 250 lakh tonnes of paddy so far this year, officials from the Food and Supplies Department said here on Monday.
Punjab has procured nearly 179 lakh tonnes of paddy while Haryana saw an arrival of 71.21 lakh tonnes, which is the highest ever.
Government agencies have procured 98.5 percent of the paddy arriving in the grain markets in Punjab.
Out of the total arrival, over 59.11 lakh tonnes was procured whereas more than 12.10 lakh tonnes of paddy was purchased by millers and dealers.
The Reserve Bank of India had sanctioned over Rs 33,800 crore for paddy procurement in Punjab in this Kharif season.
Nearly Rs 32,000 crore worth of payments has been made to farmers and artisans (commission agents).
In Haryana, the paddy procured was much higher than the nearly 69.6 lakh tonnes in the corresponding period last year.
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