Get benefits of highest MSP and procurement, Punjab farmers still protesting News 18 | N18V

Get benefits of maximum MSP and procurement, Punjab farmers still protest News 18 | N18VP The farmers of Punjab are protesting against the Center demanding a law guaranteeing minimum support price (MSP) for their crops. But farmers in Punjab are not only getting the highest returns on their paddy and wheat crops above their cost of production (in short, the best MSP), but they are also seeing more crops being procured at this rate than any other There are many states and governments. For example, the latest government report said that in the last season for which data is available, 99% of Punjab’s paddy crop and 74% of its wheat crop were procured by MSP. The total rice procurement volume last season was highest in Punjab, reaching 12.3 million tons. The state accounted for the highest proportion of rice procurement in the country, close to 22%. Although Punjab accounts for 10% of the country’s rice production. In the 2023-24 season, nearly 74 per cent of the wheat produced in Punjab was procured at MSP, with the state’s procurement share being the highest in the country at nearly 40 per cent. Punjab’s wheat purchases increased by 25% in the latest season.