No 'Token' blow, Paddy prices drop Rs 65/q below MSP in Odisha's Sundargarh!

Bhubaneswar: With the paddy procurement in Odisha being bedeviled by centralised token system, the disconcerting impact is paddy prices at many places in Sundargarh have fallen below MSP (Minimum Support Price). For instance, as per the reports from market yards, the paddy prices at Bonai has dropped to Rs 1750 per quintal vis-a-vis the MSP […]

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Bhubaneswar: With the paddy procurement in Odisha being bedeviled by centralised token system, the disconcerting impact is paddy prices at many places in Sundargarh have fallen below MSP (Minimum Support Price).

For instance, as per the reports from market yards, the paddy prices at Bonai has dropped to Rs 1750 per quintal vis-a-vis the MSP of Rs 1,815/quintal. Significantly, when the paddy MSP in Odisha is considered as below the actual production cost, then the double whammy to farmers there is clearly discernible . Sources in Odisha Civil Supplies department blame it on delay in paddy procurement.