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Moong procurement below 30% MSP hurts Punjab farmers

27 Jun 2022 3:47 pm
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Mumbai, 27 Jun (Commoditiescontrol): Farmers from Punjab are resenting the government's plan for pulses cultivation as the procurement price remain well below minimum support price. Most of the summer moong is being purchased up to 30% less than the minimum support price (MSP) of Rs 7,225 per quintal. Hence, the farmers are less inclind towards sowing of pulses.

Initial market trend indicates that a fifth of the estimated moong production has hit the markets to date. As such, 73,000 quintals or 80% of the total produce that arrived in the market was bought by private players below the MSP.

Punjab government has procured 9,902 quintals of about 93,000 quintals sold by farmers so far.

For the first time this year, more than one lakh acre area was brought under moong that was over 77% higher than 2021 when 55,000 acres was used to cultivate crop in rabi zaid (third crop sown between rabi and kharif seasons).

Sharp jump in the pulse cultivation after early harvesting of wheat was attributed to the state government's announcement of an MSP for moong and assurance to lift the crop if they cultivate it.

The lucrative promise comes with a precondition that the farmers will have to take up either PR-126 variety of paddy crop or Basmati cultivation after moong harvest.

Punjab expects to produce 4.50 lakh quintals of moong but the untimely rains last week may hit the production.

According to the Punjab Mandi Board data, the arrival of 93,000 quintal moong was recorded in various mandis till June 25, the private players bought 82,000 quintals.

Official record says farmers were paid as low as Rs 5,000 per quintal, whereas part of the good quality zaid produce also recorded a rate of Rs 7,445.

Given the emerging trend in pulses cultivation, the markets observers will keep a close watch on Kharif sowing development. Till then prices will be guided by demand/supply dynamic.

(By Commoditiescontrol Bureau: +91-22-40015505)


       
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