Krishi VaartaOutlook Agriculture
NAFED will not sell mustard below support price
New Delhi: In mustard producing states, the prices of mustard are running below the minimum support price (MSP), but the National Agricultural Cooperative Marketing Federation Limited (NAFED) will not sell Mustard at the prices below MSP. The Corporation has 11 lakh tonnes of mustard stock left over.
A senior officer of NAFED said that the corporation will soon start selling mustard and it will be made available at the rate of Rs 4,200 per quintal. Nafed has bought 8.50 lakh tonnes from Rajasthan, 2.50 lakh tonnes from Haryana and 2.44 lakh tonnes of mustard from Madhya Pradesh during Rabi Marketing Season 2019-20. Apart from this, procurement of 79 thousand tonnes of mustard from Gujarat was done at the support price. NAFED has left 1.5 million tonnes of oilseeds reserves which include 11 lakh tonnes of mustard and 4 lakh tonnes of other oilseeds including peanuts, groundnut and sunflower.
This step of NAFED is expected to improve the value of mustard prices in the market. According to an estimate by the Agriculture Ministry, the production of mustard in the crop season 2018-19 is estimated to be 87.82 lakh.
Source - Outlook Agriculture, July 25, 2019
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