Rice: Trading Week in some states/
September 4, 2017 at 6:30 PM ,
Rainbow Exports
Rice trading weak in some states
According to the All India Rice Mill Association, according to the government's levy policy, the paddy mills were to be given to the FCI (Food Corporation of India) by the farmers by purchasing 75% of the paddy on the minimum support price (MSP). After this, the millers sold the remaining rice in open markets. In the year 2013-14, the government reduced the 75% of the fatty rice from mills to 60%, then in Kharif year 2014-15 the government made it 25%, which increased the burden of selling rice on mills. In 2015-16, the government completely stopped buying as per levy policy.
Last year, in the states of Uttar Pradesh, Haryana and Punjab, the paddy farmers had complained to the government that they are not getting the full support price (MSP) for their crops. They alleged that due to the alliance between the Gala mandis and procurement agencies and some others, they were unable to get the full price of their crop.
Rice is exported to a large level in the Bardhaman region of West Bengal, the largest producer of rice in India. Regarding the continuous lack of rice business in Bengal, Rice Mill Association, Regional Officer of Bardhaman West Bengal, Bengal, explains, "The government has reduced the price of rice at US$235 per mt. since last year. The global level of price is very high. Therefore, most of the countries are not doing business from India, hence the Millers are in deficit. "
In the top three states (West Bengal, Uttar Pradesh and Andhra Pradesh) in the case of rice production in India, paddy trade has been going through bad times for the last few years. According to the Rice Mill Association, the Central Government has done the year 2012 in Uttar Pradesh and Andhra Pradesh The official procurement of Levy rice was completely closed. This led to losses of hundreds of rice mills in both the states. In the last two years, the increase in the number of food subsidy schemes of the government in West Bengal and decreasing exports has affected the rice business. In Bengal, there were about 1200 rice mills in the year 2013-14. In 2016-17, the number of mills has decreased to less than a thousand.
View related articles
