A Central pool target of 180 lakh metric tonnes of paddy from Punjab, at a minimum support price of 2,462 rupees a quintal
Background
A target of 180 lakh metric tonnes of paddy has been set for procurement from Punjab for the Central pool for the paddy procurement season 2026-27.
Paddy is to be procured at a minimum support price of 2,462 rupees per quintal.
The target, conveyed as the demand of the Government of India, was discussed at a meeting of Punjab's Group of Ministers at Chandigarh, attended by the ministers for Agriculture and Farmers Welfare, for Food, Civil Supplies and Consumer Affairs, and for Water Resources.
Foodgrain movement out of Punjab from January to July was 75.67 lakh metric tonnes.
The wheat procurement season referred to is 2027-28.
In plain words
Central pool Central pool — The national stock of foodgrains the Centre procures and holds for distribution.
MSP Minimum Support Price — The price at which the government undertakes to buy a crop from farmers.