Bharatiya Kisan Sangh, a farmers’ organisation, has urged the government to announce minimum support price (MSP) for castor seed at Rs 70,000 a tonne and minimum export price (MEP) for castor oil at $2,000 a tonne to protect the interest of farmers. There is no MSP for castor seed as on today.
Area under castor seed is shrinking due to non-remunerative farming. Against the cost of production at Rs 70,000 a tonne, farmers’ average realisation works out to Rs 41,000-44,000 a tonne. Consequently, farmers are shifting to better remunerative crops including cotton and sugarcane gradually.
“The government, like in other agri-commodities, should announce an MSP at Rs 70,000 a tonne to protect diminishing farmers’ interest,” said President (Gujarat unit) of BKS Maganbhai Patel.
Total castorseed output this year is expected to fall by 40% to 1.4 million tonnes from the record output level of 2.4 million tonnes in 2011 due to shifting of area to better remunerative crop. This shifting should be restricted, said Patel.
Area under castor seed is shrinking due to non-remunerative farming. Against the cost of production at Rs 70,000 a tonne, farmers’ average realisation works out to Rs 41,000-44,000 a tonne. Consequently, farmers are shifting to better remunerative crops including cotton and sugarcane gradually.
“The government, like in other agri-commodities, should announce an MSP at Rs 70,000 a tonne to protect diminishing farmers’ interest,” said President (Gujarat unit) of BKS Maganbhai Patel.
Total castorseed output this year is expected to fall by 40% to 1.4 million tonnes from the record output level of 2.4 million tonnes in 2011 due to shifting of area to better remunerative crop. This shifting should be restricted, said Patel.
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