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LATEST NEWS UPDATES | MSP of pulses and oilseeds hiked to motivate farmers

MSP of pulses and oilseeds hiked to motivate farmers

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published Published on Jun 2, 2016   modified Modified on Jun 2, 2016
-The Times of India

New Delhi: Aiming to motivate farmers to grow more pulses, the government on Wednesday hiked the minimum support price (MSP) of arhar, urad and moong by up to Rs 425 per quintal for the kharif season starting September. It also announced bonus on oilseeds while making a modest increase of Rs 60 in paddy MSP to Rs 1,470 per quintal.

Both agriculture minister Radha Mohan Singh and consumer affairs minister Ram Vilas Paswan said the move to increase the MSP is meant to encourage more of production of pulses when the demand supply gap for the crop is increasing. Singh said over and above the MSP, government has decided to give a bonus of Rs 425 per quintal for pulses and Rs 100-200 per quintal for oilseeds.

However, the concern remains how government ensures 100% procurement of pulses at MSP.

" Unlike paddy and wheat where farmers are assured of getting MSP as government procures all the product, in case of pulses we have not developed such mechanism. Only FCI and a couple of other small government agencies are procuring from farmers. Assured procurement will make farmers comfortable to go for more pulses production," said a source.

In fact, a parliamentary committee has also suggested this to push dal production and tame prices which continue to rule high.

Besides pulses, the CCEA has also approved the MSP of paddy by Rs 60 per quintal for common variety to Rs 1,470 per quintal and Grade A variety to Rs 1,510 per quintal for this year.

Please click here to read more.

The Times of India, 2 June, 2016, http://timesofindia.indiatimes.com/india/MSP-of-pulses-and-oilseeds-hiked-to-motivate-farmers/articleshow/52545498.cms


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