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LATEST NEWS UPDATES | Oilseeds, pulses procurement progressing at a snail's pace -Madhvi Sally

Oilseeds, pulses procurement progressing at a snail's pace -Madhvi Sally

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published Published on Dec 14, 2018   modified Modified on Dec 14, 2018
-The Economic Times

NEW DELHI: The prime minister’s pet scheme to ensure higher income for farmers through robust procurement in coordination with states is moving at a snail’s pace, with just about 11% of the target achieved in the first two months, officials said.

Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India Ltd (Nafed), which have a target to procure 33 lakh tonne of oilseeds and pulses under the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-Aasha) in the 2018-19 marketing season ending March, have only been able to procure 3.75 lakh tonne so far.

“The arrivals are delayed and quality of the crop is not good, hence the procurement is slow,” said Sanjeev Kumar Chadha, managing director at Nafed. “Also, the private players have started procuring urad and soyabean, (prices of) which are now ruling closer to the MSP. In a fortnight we will start procuring tur from the southern states,” he told ET.

Chadha said private players are acquiring urad at Rs 5,400-5,500 a quintal while the MSP was Rs 5,600 per quintal. Soyabean is being sold in mandi at Rs 4,000 a quintal against MSP of Rs 3,399 a quintal, he said. “The market is correcting,” he said.

According to government officials, Nafed and FCI have started procurement only in a few selected districts of Madhya Pradesh, Rajasthan, Gujarat, Maharashtra and Andhra Pradesh. In Karnataka, FCI will soon start procurement of arhar/tur, they said. Of the total procurement, 70% will be procured by Nafed and the rest by FCI, officials said.

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The Economic Times, 10 December, 2018, https://economictimes.indiatimes.com/news/economy/agriculture/oilseeds-pulses-procurement-progressing-at-a-snails-pace/articleshow/67023841.cms?utm_source%3Dtwit


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