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Meals Company of India, the nodal central company, together with different state businesses undertakes procurement of paddy underneath the value assist scheme (at MSP). These procured paddy is then milled to make rice and distributed to the general public underneath numerous meals safety schemes.
Farmers will not be legally sure to promote their produce to authorities businesses however they’re free to promote their produce anyplace at any costs they get.
“If the farmers get costs higher than the assist value from different consumers similar to merchants/millers and so on., they’re free to promote their produce to them.”
“FCI and the state authorities/businesses (nevertheless by way of its procurement drive) be sure that the farmers will not be compelled to promote their produce beneath assist value,” the meals ministry stated in a launch.
Earlier than the harvest, throughout every Rabi or Kharif crop season, the central authorities declares the minimal assist costs (MSP) for procurement. Paddy MSP for 2022-23 is Rs 2,040-2,060.
India has three cropping seasons — summer season, kharif, and rabi.Crops sown throughout June-July and harvested in October-November are kharif. Crops which might be sown throughout October-November and the produce harvested from January-March relying on maturity is Rabi. Crops produced after rabi however forward of kharif are summer season crops.
In the meantime, third advance estimates of manufacturing of main crops for the agricultural 12 months 2022-23 launched by the agriculture ministry on Thursday pegged complete foodgrain manufacturing within the nation at a report 330.5 million tonnes, which is larger by about 15 million tonnes as in comparison with the earlier 12 months 2021-22.
