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The excess rainfall is likely to damage crops such as soybean, onion, urad and moong in major production states of Maharashtra, Madhya Pradesh and Karnataka.
Prices are already increasing as hotels & restaurants reopen, govt acquires large quantities for distribution under Covid plan, and demand rises further.
NAFED has procured 21.43 lakh metric tonnes of chana dal, as Modi govt has promised 1 kg per month free to every ration card-holding family until November.
Modi govt reduced the import duty on masoor to less than half on 2 June. Farmers and traders allege move is to aid influential trading groups.
There are many factors at play that are inhibiting the effective distribution of free pulses under the PM Garib Kalyan Yojana, meant to aid the poor.
The increase in MSP, the rate at which the government buys grains from farmers, is in line with the recommendation of the farm price advisory body CACP.
Inter-ministerial committee to send proposal to commerce ministry to raise ceiling of import for pulses for the financial year 2020.
Production of pulses went up in response to the higher MSP, but mandi prices crashed.
There is a glut in the pulses market due to high imports and production resulting in CPI prices for pulses dropping by 9% for November.