Know the complete MSP operation during Kharif Marketing Season 2020-21

Government continues to procure Kharif 2020-21 crops at its MSP from farmers with the commencement of Kharif Marketing Season (KMS) 2020-21, according to its existing MSP Schemes as was done in previous seasons.

Paddy Procurement for Kharif 2020-21 has gained momentum with increase in the quantum of procurement in procuring States and start of purchase in few new States. Food Corporation of India (FCI) along with other Government agencies has upto October 10, 2020, procured over 37.92 LMT Paddy with a total MSP outflow of Rs 7159.39 Crores to over 3.22 Lac farmers.

Approval was accorded for procurement of 30.70 LMT of Pulse and Oilseeds for Kharif Marketing Season 2020 for Tamil Nadu, Maharashtra, Telangana, Gujarat, Uttar Pradesh, Haryana, Odisha and Andhra Pradesh which is based on the proposal from the States. Also, sanction for procurement of 1.23 LMT of Copra (the perennial crop) for the State of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala was also provided.

For other States or UTs approval will also be accorded on receipt of proposals for procurement of Pulses, Oilseeds & Copra under Price Support Scheme (PSS) so that procurement of FAQ grade of these crops can be made at notified MSP for the year 2020-21 directly from the registered farmers, if the market rate goes below MSP during the notified harvesting period in the respective States/UTs by the Central Nodal Agencies through State nominated procuring agencies.

Upto October 10, 2020, the Government through its Nodal Agencies has procured 459.60 MT of Moong having MSP value of Rs 3.33 crores benefitting 326 farmers in Tamil Nadu and Haryana. Likewise, 5089 MT of copra having MSP value of Rs. 52.40 crore has been procured benefitting 3961 farmers in Karnataka and Tamil Nadu.

For Copra and Urad, rates are ruling at or above MSP in most of the major producing States. The respective State/UTs Governments are making necessary arrangements for commencement of procurement from the date as decided by the respective States based on the arrivals in respect of Moong and other Kharif Pulses and Oilseeds.

During Kharif Marketing Season 2020-21, the Procurement of seed cotton (Kapas) has begun from 1st October, 2020 and cumulative procurement as on 10th October, 2020 by Cotton Corporation of India has reached a quantity of 24863 bales under MSP for a value of Rs 7545 lakh benefitting 5252 farmers.
Source: PIB