As the new kharif Moong (Green Gram) hits the markets in Karnataka, prices of the Pulses crop are trading lower at around Rs 5,100 a quintal, much lower than the minimum support price (MSP) of Rs 6,975 announced by the Centre.
The prevailing prices in the State are also lower than last year’s support price of Rs 5,575/quintal, growers demand to the government to spell out the procurement strategy for the season and begin purchasing from the markets.
Farmers, this year, have brought in more area under Moong in Karnataka, one of the largest producers of the Pulses crop. The widespread pre-monsoon showers in the region during May had aided the sowing in the region.
The government agencies are assessing the current market situation. Besides Green Gram, prices of other crops such as Black Gram, Maize and Jowar are likely to be under a bearish trend.