Govt rate for pulses hiked to boost production

Minimum support prices of pulses, paddy and other farm products raised

GN Bureau | June 18, 2015


#pulses   #paddy   #farmers   #support prices  

Prices of pulses have been under stress and the food has remained high due to expensive pulses. To bring down prices of pulses and incentivise farmers the government has approved an increase in MSP (minimum support price) of pulses and other farm products.

“Govt's MSP increases emphasize commitment to low inflation, incentivize pulses production & respond to farmers' concerns at time of stress,” tweeted chief economic adviser Arvind Subramanian.

The new MSP of tur dal for the 2015-16 season will be Rs 4,625 per quintal, moong will be Rs 4,850 per quintal and for urad, it will be Rs 4,625 per quintal. The MSPs in case of pulses includes a bonus of Rs 200 per quintal. 

Incidentally, the prevailing market price of all three varieties of pulses is more than the MSP, moreover, there is limited government procurement in the same. In the retail markets, urad is selling at Rs 112 per kg, up from Rs 72 a year ago, while moong is being quoted at Rs 103 per kg up from Rs 97 a year-ago, while arhar is at Rs 113 per kg, up from 72 a year-ago.

India imports around four million tonnes of pulses each year as domestic production is well short of the demand, while the same is the case with edible oils, where the country is expected to import a record almost 14 million tonnes in 2015-16, up from 13.5 million tonnes in 2014-15.

The new MSP of common grade paddy for the 2015-16 procurement season that will start from October will be Rs 1,410 per quintal, while that of Grade 'A' paddy will be Rs 1,450 per quintal.

The increase in MSP is much below the Bharatiya Janata Party's 2014 election promise of giving farmers MSP, which is 50 per cent more than the cost of production. The reason could be that the input costs have been low.

In kharif oilseeds, the MSP of groundnut has been increased by Rs 30 per quintal to Rs 4,030, while that of yellow soybean has been increased by Rs 40 per quintal to Rs 2,600. The MSP of sunflower seed has been raised by Rs 50 per quintal from Rs 3,750 per quintal to Rs 3,800 per quintal.

The MSP of maize, which is one of main coarse cereals grown during the kharif season has been raised by Rs 15 per quintal, while that of cotton has been increased by Rs 50 for both medium and long staple. The new MSP of medium staple cotton is Rs 3,800 per quintal, while that of long staple ones is Rs 4,100.

YES Bank report said modest increase in MSPs would help keep a tab on the food subsidies, as the procurement cost would remain restrained.

Comments

 

Other News

HPCL, Tata Steel among National CSR Award 2020 winners

Hindustan Petroleum Corporation, HDFC, Tata Steel and Tech Mahindra are among the winners and the recipients of honourable mentions in the National CSR Awards 2020 announced by the ministry of corporate affairs (MCA) on Thursday. The MCA instituted the annual National Corporate Social Respon

India’s tree lovers get together for a nation-wide tree festival

A good monsoon has left the trees all washed and spruced up. It’s right time to take a good look at them, and also to tell the young generation about their diversity. So, tree lovers across the country have joined hands to celebrate a festival of trees this month. The August Tree Fest

How did a policeman move unarmed and fearlessly for 37 long years in Bihar?

Unbounded: My Experiments with Law, Physics, Policing and Super 30 By Abhayanand Rupa Publications, 344 pages, Rs 595   Abhayanand has

India@75: A timely study of the state of the nation

India after 1947: Reflections & Recollections By Rajmohan Gandhi Aleph, 118 pages, Rs 399 Rajmohan Gandhi was about 11 when India won independence. As the nation celebrates 75 years of freedom, how would he – and others like him – feel?

BMC denies protocol breach in ‘Har Ghar Tiranga’

The BrihanMumbai municipal corporation (BMC) has rebutted a Shiv Sena leader’s allegation of breach of protocol in the implementation of the ‘Har Ghar Tiranga’ campaign. On Friday Rahul Shewale, group leader of Shiv Sena in Lok Sabha, had accused BMC commissioner IS Chahal

Mumbai`s stalled building projects: Is self-redevelopment the real solution?

Land in Mumbai city, which is surrounded by water on three sides, is scarce and has a premium. Property prices in certain areas of financial capital of the country are as much as Rs 1 lakh per sq ft. Yet, 5,800 buildings have been lying in a stalled condition for the last 18 years. Meanwhile

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter