SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rice procurement by govt touches 35.02 MT in 2011-12 marketing year

25 Oct 2012 Evaluate

In 2011-12 marketing year that ended last month rice procurement by government touched a record 35.02 million tonnes (MT) compared to 34.19 MT procurement in the 2010-11 marketing year (October-September) period, as per data compiled by the Food Ministry. This record procurement is due to increased buying in non-traditional states like Chhattisgarh and Bihar following an all time high production.

Of the total rice purchase which were in tune of 35.02 MT, the state of Punjab accounted for maximum procurement which stood at 7.7 MT followed by Andhra Pradesh, Chhattisgarh, Uttar Pradesh and Odisha where procurement stood at 7.5 MT, 4.11 MT, 3.35 MT and 2.84 MT respectively.

As per the data, the state of Punjab and Andhra Pradesh experienced sluggishness with respect to purchase of white rice while procurement was higher than previous year in non-traditional states like Chhattisgarh, Bihar and Uttar Pradesh. In 2011-12 marketing year, rice procurement in Chhattisgarh rose to 4.11 MT from 3.73 MT. Similarly, procurement in Uttar Pradesh increased to 3.35 MT from 2.55 MT while rice buying in Bihar jumped to 1.53 MT from 8.66 lakh tonnes in the review period.

A record production of 104.32 MT in 2011-12 and an increased awareness among farmers about the government’s procurement operation were the two main contributing factors for augment in rice procurement. To meet the demand under various welfare schemes, rice procurement is been undertaken by both the central body FCI as well as the state agencies. It is also undertaken to ensure that farmers get at least the minimum support price.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×