The government has announced plans to initiate the purchasing of paddy from the third week of January.
Paddy Marketing Board (PMB) Chairman Manjula Pinnalanda stated that approximately 300,000 metric tonnes of paddy will be procured as part of this initiative. He assured that the PMB has adequate funds for this purpose, with allocations to be finalized shortly.
The Chairman further clarified that the paddy purchased will be stored as part of the government’s reserves. These reserves will be utilized to supply rice to the market only in the event of a shortage, ensuring stability in supply and prices.
