Business Standard

Sunday, December 22, 2024 | 08:48 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Most agricultural commodity prices well below minimum support price

The central govt is believed to be in an advanced stage of announcing a 'Bhavantar' (price differential) scheme, to directly pay growers the difference between the current price and MSP

urad bean, black gram, urad
Premium

(Photo courtesy: Wikipedia)

Dilip Kumar Jha Mumbai
Most agricultural commodities are trading below the central government-set minimum support price (MSP), and for quite a while.

The average price of maize, for example, was Rs 887 a quintal during August at the Santhesargur (Karnataka) wholesale centre (mandi), around 38 per cent lower than its MSP of Rs 1,425 a quintal. Black gram (urad) at the Alirajpur (Madhya Pradesh) mandi was quoted at Rs 2,827 a quintal in August, on average; the MSP is Rs 5,400 a quintal.

This situation is set to continue, with a bumper harvest estimated for the ongoing kharif season; harvesting is to commence in

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