Eying prospects of higher margins in export of non-basmati, private millers in Punjab this season have purchased more than double compared to corresponding period in the last kharif marketing season.This year millers have already bought around 2 lakh tonnes of paddy compared to 1.5 lakh tonnes in the entire procurement season in the last year. The procurement is midway in Punjab that contributed 165 lakh tonnes of paddy in 2016-17.
Export of Indian non basmati is growing more than basmati variety and the country exported 68 million tonnes of non-basmati in 2016-17. Around 32 million tonnes of non basmati was exported during April-August in 2017-18.Despite higher private purchase of non-basmati, the Food Corporation of India is assured of meeting its target of procurement in Punjab.Out of total procurement of 8395354 tonnes of paddy in all the procurement centers of Punjab, the Government agencies procured 8197315 tonnes of paddy (97.6%) till date whereas 198039 tonnes (2.4%) of paddy has been procured by millers, the government said.
Export of Indian non basmati is growing more than basmati variety and the country exported 68 million tonnes of non-basmati in 2016-17. Around 32 million tonnes of non basmati was exported during April-August in 2017-18.Despite higher private purchase of non-basmati, the Food Corporation of India is assured of meeting its target of procurement in Punjab.Out of total procurement of 8395354 tonnes of paddy in all the procurement centers of Punjab, the Government agencies procured 8197315 tonnes of paddy (97.6%) till date whereas 198039 tonnes (2.4%) of paddy has been procured by millers, the government said.
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