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LATEST NEWS UPDATES | Govt to issue price, demand forecasts for crops -TV Jayan

Govt to issue price, demand forecasts for crops -TV Jayan

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published Published on Dec 27, 2018   modified Modified on Dec 27, 2018
-The Hindu Business Line

First nation-wide, agri market intelligence system — to help farmers get better price — will become operational from next kharif

The government will give out price and demand forecasts for various major foodgrains and price-sensitive horticulture crops such as onions from the forthcoming kharif season helping farmers take informed decision on growing different crops, a senior official of the Agriculture Ministry said.

“We will be making pre-seasonal as well as concurrent forecasts on demand and price of select commodities. Farmers can use this as a valuable input while deciding on which crop to grow,” the official told BusinessLine.

“This would be exactly like the India Meterological Department’s (IMD) seasonal weather forecasts. The forecasts will be issued regularly (most probably on a fortnightly basis) during the sowing season,” he said. In addition to foodgrains — which cover 72 per cent of total cropped area in the country — horticulture crops such as potatoes, onions and tomatoes are covered in the initial stage.

Agriculture normally follows a cobweb model. When a particular commodity is in short supply in a season, prices go up. In the subsequent season, more farmers would tend to grow the same crop, leading to a crash in prices. The concurrent forecasts are given so that farmers could not only know the area sown for a particular crop till then, but also the fluctuation in its forecast prices. This will help a farmer grow some other crop, if the projected area is achieved. “We do not want our projections to be a cause of worry,” the official said.

In October this year, the Agriculture Ministry constituted a technical advisory committee (TAC) under the chairmanship of Ashok Dalwai, CEO of National Rainfed Area Authority (NRAA).

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The Hindu Business Line, 27 December, 2018, https://www.thehindubusinessline.com/economy/agri-business/govt-to-issue-price-demand-forecasts-for-crops/article25835665.ece?homepage=true&fbclid=IwAR3


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