Uttar Pradesh govt to acquire paddy worth Rs 16,000 cr this kharif season

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Uttar Pradesh govt to acquire paddy worth Rs 16,000 cr this kharif season - Business Standard

Quick Summary:

For the current season, the MSP of common and grade-A paddy is fixed at Rs 2,300 and Rs 2,320 per quintal, respectively, which is higher than last year’s Rs 2,183 and Rs 2,203 per quintal.

Since the open market prices of paddy have been higher in recent years, the state’s farmers have more choices to supply their produce.

The government is also facilitating prompt payments against procurement to keep the farmers community in good humour and nurture a robust political economy.