The government has collected more than 50% share in the country’s pulses production.
Sources told FE that the National Agricultural Co-operative Marketing Federation of India (NAFED) is collecting chana under the minimum support price operation, which may cross 2 metric tonnes in the next week as farmers bring their produce into core production. The states of Rajasthan and Madhya Pradesh. The procurement target was about 2.9 metric tons for the current session, compared to only 0.6 metric tons in the previous year.
Bumper yields and market prices have increased by around Rs 4,700-5,000 per quintal across the market, against an MSP of Rs 5,230 per quintal.
Due to higher gram procurement, the government currently has about 3.3 metric tons of pulses of different varieties as buffer stock against the 2.3 metric ton rule.
However, in the case of other varieties of pulses, government stocks are low – mug (0.31 metric tons), urad (0.03 metric tons), tur (0.11 metric tons) and lentils (0.07 metric tons) – due to low collection.
In 2016, the government created buffer stocks of pulses so that retail prices could be controlled in a systematic way by disclosing the stock in the open market. Nafed collects pulses from the Department of Consumer Affairs and the Department of Agriculture and Farmer Welfare under a Price Stability Fund and Price Support Project.
Farmers’ Cooperatives so far in Madhya Pradesh (0.54 MT), Maharashtra (0.54 MT), Gujarat (0.5 MT), Karnataka (0.08 MT), Telangana (0.05 MT) and Andhra Pradesh. (0.6 metric tons) bought puppies. At the beginning of the month.
According to the third advance estimates of food grain production released on Thursday, the current crop year pulses production is estimated at a record 28.75 metric tons, which is about 9% higher than the previous year. In the current crop year, the production of chickpeas has increased by more than 17% to 13.98 metric tons from 11.91 metric tons in the previous year.
“In the coming months, we expect that arrivals in Mondi will decrease and at the same time demand from Millers will be seen and this could bring Mondi prices closer to MSP,” said Harsh Rai, head of Peacock Global Corporation, a leading product company.
The gram is 0.6% important in food inflation. Inflation in chickens was 2.62% in April. A large portion of the total production of domestic chicks goes for further processing for production of besan (besan).