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LATEST NEWS UPDATES | Lucrative rabi: Mustard farmers may reap good prices despite bumper output -Shagun

Lucrative rabi: Mustard farmers may reap good prices despite bumper output -Shagun

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published Published on Jan 28, 2022   modified Modified on Jan 28, 2022

-Down to Earth

Higher MSP, dearer imports expected to keep rates firm for local oilseeds    

India looks set for a bumper mustard harvest this rabi season, which raises the question: Will those growing the oilseed reap enough compensation for their effort? Increased supply generally suppresses prices, but experts are optimistic that mustard farmers will duck that trend this time.

The country has already achieved its mustard acreage for 2025-26 this rabi season, according to the Union Ministry of Agriculture and Farmers Welfare. The farmers are likely to fetch better prices this year despite record produce due to a substantial hike in minimum support price (MSP) for the crop. 

Mustard has been sown on a record 9.1 million hectares (ha) for rabi season 2022-23, latest ministry data showed. This is a growth of 24.49 per cent from 2021-22, when the acreage was 7.3 million ha. 

This surpassed the government’s own set projection of 9 million ha of mustard by 2025-26. 

The overall acreage of oilseeds has increased by 22.09 per cent compared to the corresponding period last year, in which mustard has a major share. 

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Down to Earth, 28 January, 2022, https://www.downtoearth.org.in/news/agriculture/lucrative-rabi-mustard-farmers-may-reap-good-prices-despite-bumper-output-81306?fbclid=IwAR2jBOEkUiLxXilRZXEvp6lKxyucXSP7Xxp8xD60-xR9VCnFQoUgE1KzxCw


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