Swarajya's video: Karnataka Farmers Sign Agreement With Reliance Retail To Sell Paddy Above The Minimum Support Price

About 1,100 farmers in Karnataka signed an agreement to sell their paddy directly to Reliance Retail, arm of Reliance Industries Ltd (RIL), above the minimum support price (MSP) through an agro-based company at Sindhanur in the state's northern region. "On behalf of 1,100 farmers, who are our company's shareholders, an agreement has been signed on January 6 to sell about 1,000 tonne of their paddy (Sona Masoori rice variety) to Reliance Retail at Rs 1,950 per quintal (100 kg), which is Rs 100 above the MSP of Rs 1,850 per quintal," Swasthya Farmers Producing Company (SFPC) Managing Director V. Mallikarjun said. "The agreement has been signed under the recently amended Karnataka Agricultural Marketing Committee (KAPMC) Act, 2020, which allows farmers to directly sell their produce even outside APMC yards to anyone and above MSP," asserted Mallikarjun. With the consent of state Governor Vajubhai Vala, Karnataka on January 1 notified the KAPMC Act, which restricts powers of the APMCs and omits penal provisions to help farmer sell their produce directly even outside the APMC yards (mandis) to anyone who pays more than the MSP, fixed by the state government. Subscribe to Swarajya on YouTube. Get a Swarajya subscription: https://subscriptions.swarajyamag.com/join-us Website: https://swarajyamag.com/ Twitter: https://twitter.com/SwarajyaMag Facebook: https://www.facebook.com/swarajyamag