InvestorQ : What do we infer from the record paddy and wheat procurement numbers for the year?
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What do we infer from the record paddy and wheat procurement numbers for the year?

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Rashi Mehra answered.
2 years ago
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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.

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