Business Standard

Govt MSP purchases chiefly driven by poor market prices the past few years

In other words, it is political compulsion, not political expediency, that has prompted the Centre to lift higher quantities of grain, pulses and other farm commodities

farmers, FCI, food corporation of india, grains, production, farmers, MSP, labourers,
Premium

Sanjeeb Mukherjee New Delhi
In order to reinforce its commitment to provide Minimum Support Price (MSP), the Central government has time and again shown to the protesting farmer, comparisons of its track record on the procurement of major cereals, pulses, oilseeds and cotton over the past few years, with that of the previous regime.

On paper and on the ground, there has been a marked improvement in both, the quantity and the value of cereals, pulses and oilseeds procured at MSP.

Data sourced from various official channels show that between 2016-17 and 2019-20, procurement of rice has risen 1.23 times by quantity and 1.76 times by

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in