Paddy purchase declines as farmers hold back in run-up to elections
Live MintGovernment procurement of paddy has fallen as farmers hold back on selling their crop, hoping for sops ahead of Assembly elections in five states this year. The union government, through the federal Food Corporation of India and state agencies, has procured 14.7 million tonnes of paddy in the ongoing kharif marketing season that started on 1 October, as against 15.9 million tonnes in the corresponding period last year. The Bhupesh Baghel-led Chhattisgarh government has promised to hike the paddy procurement price to ₹ 3,600 per quintal, apart from giving more incentives to landless farm labourers. In the last kharif season, procurement in West Bengal, Bihar, Jharkhand, Maharashtra and Karnataka was 3.2 million tonnes, 4.2 mt, 177,000 tonnes, 1.5 mt and 21,000 tonnes, respectively.