The 2023-24 agricultural advertising and marketing 12 months (October-September) ended with the federal government procuring 52.544 million tonnes (mt) of rice – 46.303 mt from the kharif crop and 6.241 mt from the rabi season. It spent over Rs 1.76 lakh crore to purchase the grain from 1.07 crore farmers on the minmum assist worth (MSP). Although it’s beneath goal, the federal government is now contemplating methods to distribute the grain since it’s a lot above its requirement.
The goal was to purchase about 52.5 mt from the kharif season and 10.1 mt from the rabi season. The annual requirement of rice was estimated at 41 mt underneath the Nationwide Meals Safety Act and different welfare schemes, earlier than the current adjustment on allocation for the general public distribution system. The federal government final month allowed distribution of three.5 mt of extra wheat instead of rice underneath the PDS.
There’s a drop in procurement for the third 12 months in a row after the federal government buy of rice hit a file 60.2 5 mt in 2020-21 amid the Covid-19 pandemic. The rice procurement was 57.588 mt in 2021-22 and 56.86 mt in 2022-23.
High contributors
Newest knowledge present that the highest contributors of rice to the Central Pool are Punjab (12.414 mt), Chhattisgarh (8.3 mt), Telangana (6.386 mt), Odisha (4.817 mt), Haryana (3.949 mt), Uttar Pradesh (3.605 mt), Madhya Pradesh (2.825 mt), Tamil Nadu (2.37 mt), Bihar (2.063 mt) and Andhra Pradesh (2.038 mt).
As there was a rise in rice buy in Uttar Pradesh after 2017, the japanese area’s contribution has exceeded what’s bought from the western elements of the State. The japanese UP contributed 2.48 mt of rice to the Central Pool whereas the western UP has 1.124 mt.
There was some fascinating development in procurement of millets as Uttar Pradesh has emerged as the highest contributor of kharif-grown nutri-cereals to the Central Pool inventory. Out of 9.79 lakh tonnes (lt) of nutri-cereals procured within the kharif season, as excessive as 94 per cent has been contributed by UP (3.73 lt), Haryana (2.31 lt) and Karnataka (3.12 lt).
Nonetheless, Karnataka continues to be largest purchaser of MSP-based buy of Shree Anna for the entire 2023-24 (each kharif and rabi seasons). The Centre has been capable of purchase 4.17 lt from Karnataka for the entire of 2023-24 season. Complete procurement of nutri-cereals was 12.55 lt in 2023-24 towards 7.37 lt in 2022-23 and 6.29 lt in 2021-22.
In the meantime, the Centre has procured 2.58 lt of rice for the 2024-25 season which started Tuesday as the acquisition was allowed to start early in Tamil Nadu.