Procurement of Cotton for the season 2020-21 to commence from 1 October 2020

NEW DELHI, 30 September 2020: The arrival of Kharif Marketing Season 2020-21 has just begun and the Government continues to procure Kharif 2020-21 crops at MSP from farmers as per its existing MSP Schemes as done in previous seasons.

Based on the proposal from the States, approval has been accorded for procurement of 13.77 LMT of Pulse and oilseeds for KMS 2020-21for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana and Haryana.

For the other States/UT, approval will also be accorded on receipt of proposal for Kharif Pulses and oilseeds and procurement will be made as per Price Support Scheme (PSS), if the market rates goes below its MSP.

As on 24 September 2020, the Government through its Nodal Agencies has procured 34.20 MT of Moong having MSP value of INR 25 lakhs benefitting 40 farmers in Tamil Nadu.

Similarly, 5089 MT of copra (the perennial crop) having MSP value of INR 52.40 crore has been procured benefitting 3961 farmers in Karnataka and Tamil Nadu against the sanctioned quantity of 95.75 LMT for the Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.

The procurement of Paddy during Kharif Marketing Season 2020-21 has just started from 26th September, 2020 and bupto 27.09.2020, 5637 MT having MSP value of INR 10.53 crore at MSP of INR 1868 per quintal has been procured from 390 farmers of Haryana and Punjab.The procurement of paddy for the remaining States will commence from 28 September 2020.

The procurement of Cotton for the season 2020-21 shall commence from 1 October 2020 and Cotton Corporation of India (CCI) will start purchase of FAQ grade Cotton from 1 October 2020 onwards.

Image credit: The Hindu Business Line