Procurement of agricultural commodities is the purchase of food grains by the central or state governments.
The Food Corporation of India is responsible for the purchase, storage, movement, distribution and sale of agricultural produce.
Minimum Support Prices are the prices at which the government purchases food grains from farmers.
The largest procurement at MSPs is for rice and wheat. About a third of the wheat and rice produced in the country is procured by the central government. In 2015-16, 33% of the wheat and 30% of the rice produced in the country was procured by the central government.
