As procurement remains low, MSP offers little for growers

As procurement remains low, MSP offers little for growers

The Centre’s effort to boost farmers’ income by announcing an up to 25 per cent increase in the minimum support prices (MSP) of kharif pulses and oilseeds doesn’t seem to have achieved its goal.

According to the latest data from the National Agricultural Cooperative Marketing Federation of India (Nafed), in seven of the 11 growing States, the agencies could not procure even half of the quantity sanctioned by the Centre’s Department of Agriculture, Cooperation and Farmers Welfare (DAC&FW), prompting farmers to sell their crops at abysmally low prices in the open market.
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