Govt misses kharif Pulses, Oilseeds procurement target
Commodity Online | March 15 2019
UPDATED 11:16:50 IST

Global Sugar deficit likely to be 2.34 MT in 2019-20

Govt agencies procure 29 MT of Wheat so far

India cuts base import price of Crude Palm Oil by $23 per tonne

India Rice export prices continue decline on weak demand

Vegetable Oil imports decline 11% in April: SEA

The government has so far procured around 1.7 million tonnes of pulses and oilseeds, down 55% from the targeted procurement of 3.8 million tonnes for the kharif season.

The government has spent Rs 9,372 crore buying pulses and oilseeds from 12,38,547 farmers at MSP in the 2018-19 kharif crop season, the Economic Times reported.

Last year, the government had purchased a record 2.55 million tonnes of pulses and oilseeds, achieving 75% of the targeted 3.36 million tonnes summer harvest.

The procurement of winter pulses and oilseeds is underway, for which the government has set a target of 4.3 million tonnes. In the previous rabi or winter cropping season, it had purchased around 4 million tonnes out of the targeted 5.5 million tonnes.

The lower procurement by Nafed has resulted in pulses being sold below MSP in the open market.

 

 

Commodity Arrivals Rate
Mustard Oil 35 8500.00
Coconut Oil 2.5 18200.00
Arecanut 4.5 2400.00
Sugar 0.5 4000.00

More

×