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LATEST NEWS UPDATES | Mustard may gain area at the cost of chana, wheat this year -Vishwanath Kulkarni

Mustard may gain area at the cost of chana, wheat this year -Vishwanath Kulkarni

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published Published on Oct 16, 2021   modified Modified on Oct 17, 2021

-The Hindu Business Line

Farmers likely to switch over as oilseed prices are 67% higher Vs MSP

Mustard is set to gain area from wheat and chana as farmers are seen planting more of the oilseed crop this rabi sowing season. The trade expects farmers to increase the area on account of higher prices and favourable climate, even as the early sowing has begun in the key producing States of Rajasthan and Uttar Pradesh.

According to data from the Agriculture Ministry, mustard has been planted in about 2.80 lakh hectares (lh), mainly in Uttar Pradesh, the second-largest producing State as on October 14. This represents an increase of 55 per cent over same period a year ago.

The Centre has fixed the minimum support price (MSP) for mustard for the July 2021-June 2022 crop year at 5,050 per quintal, up 8.6 per cent or 400 over 4,650 fixed for the last crop year. Current market prices are hovering around 7,800 per quintal in Rajasthan, higher by 67-68 per cent. “Mustard sowing starts during Navratra and peaks around Diwali. In the forthcoming rabi season, we are expecting an area increase of 6-7 lakh hectares,” said Anil Chatar of Marudhar Trading Agency in Jaipur and Chairman of All India Mustard Crop Committee of The Central Organisation for Oil Industry and Trade (COOIT).

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The Hindu Business Line, 16 October, 2021, https://www.thehindubusinessline.com/markets/commodities/mustard-may-gain-area-at-the-cost-of-chana-wheat-this-year/article37011749.ece?fbclid=IwAR1xCH6S_vvQ9C5x5jM2lh27BvYiO-znRXXGI8ZoaCLkHoJnQtHwSY-dj2E


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