London 24/7
Sunday, May 17, 2026
Contacts
  • Latest news
  • Commodities
  • Culture
  • Fashion
  • Finances
  • Opinion
No Result
View All Result
  • Latest news
  • Commodities
  • Culture
  • Fashion
  • Finances
  • Opinion
No Result
View All Result
London 24/7
No Result
View All Result
Home Finances

India’s rice procurement exceeds 53 million tonnes, up by 1% year-on-year

by London 24/7
in Finances
Reading Time: 3 mins read
India’s rice procurement exceeds 53 million tonnes, up by 1% year-on-year

Kharif procurement, the process of buying crops from farmers at a minimum support price (MSP), has come to an end in the state of Assam. The state government has announced the completion of purchases for the season, which has left them with a surplus stock of crops. With the government now under pressure to liquidate these stocks, it is important to examine the impact of this surplus and the steps being taken to address it.

Kharif season, also known as the monsoon season, is an important time for farmers in Assam as it is when they harvest their crops. This year, the state government set an MSP for various crops, including paddy, maize, and pulses, to ensure that farmers get a fair price for their produce. The government also initiated a procurement drive to buy crops directly from farmers, in order to support them and stabilize market prices.

The procurement drive was successful, with the government purchasing over 8 lakh tonnes of paddy and 3 lakh tonnes of maize from farmers across the state. This not only provided a steady income for the farmers but also helped in maintaining the market prices of these crops. However, with the procurement season coming to an end, the government is now facing the challenge of managing the surplus stock.

One of the major concerns is the financial burden that the surplus stock will put on the state exchequer. The government had allocated a budget of Rs. 4,400 crore for the procurement of crops, but with the surplus stock, this amount is expected to increase substantially. This could potentially strain the finances of the state and affect other development projects.

To address this issue, the government is exploring various options to liquidate the surplus stock. One of the options being considered is the export of these crops to other states or countries. This not only provides a solution for the surplus but also opens up new markets for Assam’s agricultural produce. The government is also looking into the possibility of utilizing the surplus stock for various welfare schemes, such as the Public Distribution System (PDS) and mid-day meal programs.

Another concern is the storage of the surplus stock. The state government has already made arrangements for temporary storage facilities, but this is not a sustainable solution. Therefore, the government is also exploring long-term options, such as setting up warehouses and cold storage facilities, to ensure that the surplus stock can be stored safely and utilized as needed.

Despite these challenges, the surplus stock of crops can also be seen as an opportunity for Assam. The state has a rich agricultural sector and the surplus stock can be utilized to boost the economy and create new avenues for employment. By exploring various options for utilization, the government can not only manage the surplus stock but also promote the growth of the agricultural sector.

It is also important to note that the successful procurement of crops in the state is a testament to the government’s commitment towards the welfare of farmers. The MSP and procurement process have provided much-needed support to the farmers during these difficult times. It has also encouraged them to continue farming and contribute to the growth of the agricultural sector.

In conclusion, the completion of Kharif procurement in Assam marks the end of a successful season for farmers. However, the surplus stock of crops presents a new challenge for the state government. With careful planning and utilization, this surplus can be turned into an opportunity for the growth of Assam’s agricultural sector. It is now up to the government to take proactive steps and ensure that the surplus stock is managed efficiently and effectively.

Tags: Prime Plus
Previous Post

Why people formed a huge line around the Senedd

Next Post

Planned changes to parking at popular beachfront put off

Next Post
Planned changes to parking at popular beachfront put off

Planned changes to parking at popular beachfront put off

READ ALSO

Watch Live: Donald Trump Holds Rally in North Carolina
Opinion

Watch Live: Donald Trump Holds Rally in North Carolina

by London 24/7
December 20, 2025
0

...

Moment one-legged man, 93, Tasered and sprayed with pepper spray by police at care home

Moment one-legged man, 93, Tasered and sprayed with pepper spray by police at care home

May 20, 2025
Armed police stormed home due to ‘risk to life’ fears – but didn’t find what they expected

Armed police stormed home due to ‘risk to life’ fears – but didn’t find what they expected

April 18, 2025
Dozens of War Planes Destroyed Deep Inside Russian Territory by Ukrainian Drones: Report

Dozens of War Planes Destroyed Deep Inside Russian Territory by Ukrainian Drones: Report

June 2, 2025
Navy Chief Admiral Tripathi begins 6-day visit to US to boost maritime ties

Navy Chief Admiral Tripathi begins 6-day visit to US to boost maritime ties

November 13, 2025
JD Vance Hits Tim Walz for Lying About His Military Service: ‘I’d Be Ashamed’

JD Vance Hits Tim Walz for Lying About His Military Service: ‘I’d Be Ashamed’

August 8, 2024
London 24/7

Follow Us

I bought an old chapel on impulse – then disaster struck

I bought an old chapel on impulse – then disaster struck

February 16, 2026
Does your cat really love you? Take this quiz to find out

Does your cat really love you? Take this quiz to find out

April 12, 2025
No Content Available

Categories

  • Latest news
  • Commodities
  • Culture
  • Fashion
  • Finances
  • Opinion
  • Contacts
  • Privacy Policy
  • Copyright

No Result
View All Result
  • Latest news
  • Commodities
  • Culture
  • Fashion
  • Finances
  • Opinion