Initially, the duty was introduced on August 25, 2023, and was due to remain effective till October 16, 2023, aimed at maintaining adequate domestic availability and checking its price.
A quantity of 521.27 lakh tonne rice has been estimated for procurement during the forthcoming Kharif marketing season 2023-24 as against the previous year's estimates of 518 lakh tonne.
For the Kharif crop of the current marketing season 2022-23, a quantity of 771 lakh tonne Paddy (518 lakh tonne in terms of Rice) has been estimated to be procured as against 759 LMT paddy (510 lakh tonne in terms of Rice) actually procured during 2021-22 (Kharif Crop).