What do we infer from the record paddy and wheat procurement numbers for the year?
Answer
Answer
India has good news on procurement in paddy and wheat. In output season 2020-21. paddy procurement was at a record high of 805.21 LMT against 773.45 LMT in Kharif 2019-20. Wheat procurement was at record highs of 413 LMT in 2020-21. Nearly 88% of paddy procurement was in Kharif season and balance 12% in Rabi. Amidst farmer agitations, this move benefited 1.2 crore farmers. Procurement is done by the government at assured MSP.