Govt kick-starts MSP procurement of pulses and oilseeds in 5 states

The centre has approved procurement of 1.38 million tonnes of pulses and oilseeds for Kharif Marketing Season (KMS) 2020-21 for the states of Tamil Nadu, Karnataka, Maharashtra, Telangana and Haryana, says a release issued by the ministry of agriculture and farmers welfare.

Procurement of paddy has already started in Haryana where 5,637 tonnes of paddy at the minimum support price (MSP) of Rs1,868 per quintal from farmers of Haryana and Punjab till 27 September while procurement of paddy in the remaining states commenced today.
Kharif Marketing Season 2020-21 has just begun and the government has started  procurement at MSP from farmers as per its existing MSP Schemes as done in previous seasons.
For the other states/UT, approval will also be accorded on receipt of proposal for Kharif pulses and oilseeds and procurement will be made as per Price Support Scheme (PSS), if the market rates go below its MSP.
Up to 24 September 2020, the government through its nodal agencies has procured 34.20 tonnes of moong having MSP value of Rs25 lakhs benefitting 40 farmers in Tamil Nadu. Similarly, 5,089 tonnes of copra (the perennial crop) having MSP value of Rs52.40 crore has been procured benefitting 3,961 farmers in Karnataka and Tamil Nadu against the sanctioned quantity of 9.58 million tonnes for Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.
Procurement of paddy during Kharif Marketing Season 2020-21 has started on 26 September 2020 and by 27 September  5,637 tonnes having MSP value of Rs10.53 crore at Rs1868 per quintal has been procured from 390 farmers of Haryana and Punjab. The procurement of paddy for the remaining states will commence from 28 September 2020.
Procurement of cotton for the season 2020-21 will commence on 1 October 2020 and Cotton Corporation of India (CCI) will start purchase of FAQ grade cotton from that date.