![]() Financial Daily from THE HINDU group of publications Friday, Nov 07, 2003 |
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Agri-Biz & Commodities
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Rice AP ready to buy paddy at MSP Our Bureau
Hyderabad , Nov. 6 THE Andhra Pradesh Government is prepared to open as many paddy purchase centres as required in the State to ensure the minimum support price (MSP) for paddy. The Reserve Bank of India has sanctioned Rs 60 crore as cash credit for the MSP operations, according to the Chief Minister, Mr N. Chandrababu Naidu. The State Civil Supplies Corporation and the Food Corporation of India are currently operating 304 purchase centres and have so far purchased 8,000 tonnes of paddy. The MSP for fair average quality (FAQ) paddy is Rs 580 per quintal of grade A variety and Rs 550 for common variety. In a press release here, the Chief Minister stated that necessary equipment like paddy cleaners, moisture testing meters, winnowing machines and tarpaulins have been positioned in all the market yards and purchase centres in the State. The Government was committed to buy the entire FAQ paddy from the farmers at the MSP. A meeting of the rice millers of the State was convened to discuss the procurement policy of the Government. The millers assured that they would start purchasing paddy at MSP immediately. The Chief Minster stated that his Government was also committed to buy the entire FAQ maize from the farmers at the MSP of Rs 505 per quintal.
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