Indian Stock Trading Tips, Commodity News, Govt procures 16.51 MT of Rice so far
The government has procured 16.51 million tonnes of rice so far in the current 2018-19 marketing year and the total quantity is likely to surpass the target, a senior Food Ministry official said.
The rice procurement target set for this year was 37 million tonnes.
The government had procured 38.18 million tonnes during the last marketing year (October-September), exceeding the target of 37.5 million tonnes set for that year.
As per the latest data, rice procurement in Punjab reached 10.86 million tonnes, Haryana at 3.88 million tonnes, Telangana at 9,96,779 tonnes, Chhattisgarh at 3,02,319 tonnes and Uttrakhand at 1,71,098 tonnes so far this marketing year.
Tamil Nadu has procured 1,10,771 tonnes of rice, while in the case of Kerala it stood at 49,813 tonnes and Maharashtra at 17,880 tonnes in the said period, the data showed.
Procurement is yet to begin in Andhra Pradesh, Bihar, Karnataka, Madhya Pradesh, and West Bengal.
For the current year, the government has fixed paddy MSP of 'common' grade variety at Rs 1,750 per quintal, while that of 'A' grade variety at Rs 1,770 per quintal.
The government has pegged rice output to be 99.21 million tonnes in the Kharif season of the 2018-19 crop year (July-June), as against the actual output of 97.50 million tonnes in the same season last year.
Best Commodity Daily Market News, Click Here Watch More News- Ripples Advisory, Get 2 Days Free Trial or See Stock Cash Services. Focus on all moments - big and small'
0 comments