This season’s rice procurement may fall below 30-mt target

By: | Published: January 31, 2015 12:12 AM

In Punjab, rice procurement has been 7.8 mt against 8.1 mt lifted during the 2013-14 marketing year

Rice procurement by government agencies for the current marketing season (2014-15) is expected to fall below the target of 30 million tonne, according to the current trend.

As per data till Friday, the Food Corporation of India (FCI), in collaboration with state government owned agencies, has purchased more than 19.3 million tonne of rice from farmers since purchases for the current season began in October 2014. The purchase so far is more than 1.4 million tonne less than the volume of procurement during the same period in 2013 -14.

With kharif procurement, which constitutes close to 70% of the total rice purchases, over in most of the key grain contributing states, officials say that in the current year rice purchases by agencies would fall below the target. However the fall would not be significant considering the deficit monsoon in June which delayed kharif sowing activities in many of the growing states, the official said.

In Punjab, rice procurement this year has been 7.8 million tonne against 8.1 million tonne achieved during the 2013-14 marketing year.

In Haryana, the agencies have purchased two million tonne of rice, which is marginally lower than 2.4 million tonne purchased in the same period last year.

In Chhattisgarh, which contributed more than four million tonne of rice to the central pool last year, the state agencies have purchased 3.3 million tonne of rice. The paddy purchases come to an end on Saturday.

As per the latest data, 1.4 million tonne of rice has been purchased from farmers in Telangana while close to a million tonne of rice has been lifted in Andhra Pradesh so far.

As part of the decentralised procurement system, state government agencies in Odisha and Madhya Pradesh have purchased rice to the tune of around 8 lakh tonne each.

“At present paddy arrivals are reported from Telangana and Andhra Pradesh and other eastern states and kharif paddy purchases would be completed during the next month,” an official said.

Rabi rice harvest from Tamil Nadu is expected by April. Officially, rice procurement for the season is carried out during October-September.

At the start of the month, the government agencies had rice stock of 23.5 million tonne against the strategic reserve norms of only 12 million tonne. However out of the total rice stock, 11.8 million tonne is still with millers and would be delivered to FCI in the next couple of months

FCI and state agencies undertake procurement of rice and wheat to ensure that farmers get a minimum support price (MSP) and sufficient foodgrain is available for the Targeted Public Distribution System (TPDS) and buffer stock.

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