# Government procurement to boost rural economy with Rs 50,000 crore to 2 million farmers - Supply Chain Council of European Union | Scceu.org

> India's rice procurement drive is expected to pay 2 million farmers over Rs 50,000 crore before Diwali. The Food Corporation of India has procured 10.1 million tonnes so far and targets 49.75 million tonnes. The government forecasts record rice output of 102.36 million tonnes, though recent unseasonal rains may trim it slightly.

- Date: 2020-10-27 · published 2020-10-27T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/50612-government-procurement-to-boost-rural-economy-with-rs-50-000-crore-to-2-million
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Large state procurement supports domestic rice prices and rural incomes, and it builds public stocks that could later be exported, shaping global rice supply.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-01-11 | [Q1 rice exports may be hit as parboiled prices increase on Govt procurement - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/43113-q1-rice-exports-may-be-hit-as-parboiled-prices-increase-on-govt-procurement.md) | +1.0% | +6.2% |
| RICE | 2026-01-22 | [DA aligns with millers, importers to support local farmers, stabilize rice supply \|
    Official Portal of the Department of Agriculture](https://feedsoft.ai/events/12592-da-aligns-with-millers-importers-to-support-local-farmers-stabilize-rice-supply.md) | +2.0% | -5.8% |
| RICE | 2025-04-11 | [Grain-based ethanol has potential to boost farmers income by ₹35,000 cr, says report - The HinduBusinessLine](https://feedsoft.ai/events/25103-grain-based-ethanol-has-potential-to-boost-farmers-income-by-35-000-cr-says.md) | +1.7% | -6.3% |
| RICE | 2025-12-01 | [Rice prices climb 24% as government purchase rules could boost demand](https://feedsoft.ai/events/12733-rice-prices-climb-24-as-government-purchase-rules-could-boost-demand.md) | -0.9% | -5.6% |
| RICE | 2023-01-20 | [Export ban on wheat & broken rice to continue, says government official - CNBC TV18](https://feedsoft.ai/events/37757-export-ban-on-wheat-and-broken-rice-to-continue-says-government-official-cnbc.md) | +2.2% | -2.0% |

## Sources

- scceu.org: https://scceu.org/government-procurement-to-boost-rural-economy-with-rs-50000-crore-to-2-million-farmers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.