NAFED Pulses and Oilseeds procurement may drop by a third
Commodity Online | January 10 2019
UPDATED 10:24:03 IST

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Procurement of Pulses and Oilseeds by NAFED is likely to drop by more than a third in the kharif 2018 season from the year-ago period.

The decline in procurement comes after two consecutive kharif seasons in which it surged and reached a critical mass, compared with very small quantities earlier.

Just about 10 lakh tonnes or 3% of the summer crop output of 314 lakh tonnes were procured by the national-level procurer NAFED as on January 3 and it may end up buying 16 lakh tonnes (5%) or thereabouts before the season ends.

NAFED managing director attributed the expected fall in procurement of Oilseeds and Pulses during kharif 2018 to a rise in market (mandi) prices. 

 

Commodity Arrivals Rate
Mustard Oil 35 8600.00
Coconut Oil 1 18400.00
Arecanut 2.5 2400.00
Sugar 65 3252.00

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