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LATEST NEWS UPDATES | Moong drops below MSP even as arrivals begin in N Karnataka -Vishwanath Kulkarni

Moong drops below MSP even as arrivals begin in N Karnataka -Vishwanath Kulkarni

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published Published on Aug 14, 2018   modified Modified on Aug 14, 2018
-The Hindu Business Line

Farmers want Govt to begin purchasing immediately

Bengaluru:
As the new kharif moong (green gram) hits the markets in North Karnataka, prices of the pulses crop are trading lower at around Rs.5,100 a quintal, much lower than the minimum support price of Rs.6,975 announced by the Centre.

In fact, the prevailing prices in the State are also lower than last year’s support price of Rs.5,575/quintal, growers said, while demanding that the government spell out the procurement strategy for the season and begin purchasing from the markets.

The CACP (Commission for Agricultural Costs and Prices) has estimated the cost of production of moong at Rs.4,650 per quintal and the Centre has declared a 50 per cent increase over this as MSP for the current year.

Prices dip

In Karnataka, moong is largely grown in the dry belts of northern parts of the State, and Gadag is a major market for the pulses crop. Prices in Gadag, where the arrivals began in last week of July, have come down steadily over the past fortnight. On July 25, the modal price in Gadag stood at Rs.5,982 a quintal, which has now reduced to around Rs.5,100 levels.  

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The Hindu Business Line, 13 August, 2018, https://www.thehindubusinessline.com/economy/agri-business/moong-drops-below-msp-even-epas-arrivals-begin-in-n-karnataka/article24681494.ece?homepage=true


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