FCI and state agencies procure 120.67 LMT paddy in Punjab in KMS 2024-25
On 9 November 2024, the Food Ministry said FCI and state agencies had procured 120.67 lakh metric tonnes of paddy in Punjab as of 8 November in Kharif Marketing Season 2024-25.
Summary
On 9 November 2024, the Ministry of Consumer Affairs, Food and Public Distribution said 126.67 lakh metric tonnes (LMT) of paddy had arrived in Punjab's mandis as of 8 November 2024, of which 120.67 LMT had been procured by state agencies and the Food Corporation of India. Paddy is bought at the MSP of ₹2,320 per quintal for Grade 'A'. Procurement so far, worth ₹27,995 crore, has benefited about 6.58 lakh farmers. Procurement in KMS 2024-25 began on 1 October 2024, with 2,927 mandis and temporary yards operating.
Key facts
- As of
- 8 Nov 2024 (announced 9 Nov)
- Arrivals
- 126.67 LMT
- Procured
- 120.67 LMT (state agencies + FCI)
- MSP Grade 'A'
- ₹2,320/quintal
- Value / farmers
- ₹27,995 crore; ~6.58 lakh farmers
- Mandis
- 2,927; procurement from 1 Oct 2024
Practice MCQs 2 questions
At what MSP was Grade 'A' paddy being procured in Punjab in KMS 2024-25?
Show answer
Correct answer: B — ₹2,320 per quintal
PIB (Food): paddy is being purchased at MSP of ₹2,320 per quintal for Grade 'A' paddy.
As of 8 November 2024, how much paddy had FCI and state agencies procured in Punjab in KMS 2024-25?
Show answer
Correct answer: D — 120.67 LMT
PIB (Food): of 126.67 LMT arrivals, 120.67 LMT had been procured by state agencies and FCI.