Paddy procurement to start on Oct 1 | chandigarh | Hindustan Times
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Paddy procurement to start on Oct 1

chandigarh Updated: Sep 28, 2014 22:57 IST
HT Correspondent
HT Correspondent
Hindustan Times
Food Corporation of India

Punjab’s food agencies and the Food Corporation of India (FCI) would begin procurement of paddy in the state from October 1, with a target of 140 lakh metric tonnes, of which the FCI would be directly lifting 10% of the total arrivals, a spokesman said here.

Pungrain is scheduled to procure 25%, Punsup 23% Markfed 22%, Punjab Agro 9% and the Punjab State Warehousing Corporation (11%) across the state.

This time, the agencies would be using 40-kg-capacity gunny bags instead of 35 kg that would save about Rs 200 crore, the spokesman added.

The union government has fixed a minimum support price (MSP) of Rs 1,400 per quintal for grade A and Rs 1,360 per quintal for the common variety of paddy.