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Live News

Sat - 2016-10-15 12:56:11

Govt procures 5.60 lakh tonnes of Pulses under PSS so far | Trade Nivesh Investment

On January 30, agri-cooperative and state agencies have procured 5,60,335 tonnes of Urad and Moong at the support price, worth Rs 3,077 crore, under the Price Support Scheme (PSS) in the 2017-18 kharif season so far, according to official data.

The procurement has been undertaken in 472 centres.

Under the PSS, procurement is undertaken to protect farmers when market rates fall below the minimum support price (MSP) level.

The maximum quantity of 3,93,059 tonnes of Urad and Moong has been purchased from Rajasthan, followed by 64,098 tonnes from Maharashtra and 35,085 tonnes from Karnataka under the PSS.

Only Urad has been procured in Gujarat and Uttar Pradesh and the quantities purchased stood at 19,550 tonnes and 17,434 tonnes, respectively.

Prices of pulses have fallen sharply in view of higher production. The government has imposed curbs on import of pulses to protect the domestic farmers.

During 2016-17 crop year, the country had achieved a record pulses production of 23 million tonnes from both kharif and rabi seasons.