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Record yield has pulses prices slide below MSP

Trade wants stock limits lifted as prices of most varieties trading below MSP

Rajesh Bhayani  |  Mumbai 

After seeing a crisis in pulses last year, when prices skyrocketed, Indian farmers have produced record high crop of 22.14 million tonnes this season but all at their own peril. Prices of moong, tur, arhar, lentils are trading below their minimum support prices (MSP) in many producing centers in the country, according to data from Agmark. Market intervention agencies are also not able to buy at MSP and those who can buy are facing storage issues. The government had set a target to build a buffer of 2 million tonnes of which not even half has been achieved. The crop is higher by 35 ...

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