NAFED and SFAC Procure Foodgrains on MSP in 2013-14 season

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Capital Market
Last Updated : Nov 25 2014 | 5:34 PM IST

National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED), Small Farmers Agri-Business Consortium (SFAC), National Consumer Cooperative Federation of India Ltd. (NCCF), Central Warehousing Corporation (CWC) have been designated as central agencies for procurement of oilseeds & pulses, under Price Support Scheme (PSS). Besides, NAFED is also designated a central agency for procurement of cotton, in addition to Cotton Corporation of India (CCI). These central agencies undertake the procurement operations, as and when prices of these commodities fall below the Minimum Support Price (MSP) declared by the Government of India. The details of the procurement made by NAFED and SFAC during 2013-14 season, are as under: -

                           NAFED                            SFACCommodity Quantity (in MT) Commodity Quantity (in MT)Gram 3.14 (lac) Urad      5Arhar (toor) 46,700 Tur 6394Mustard seed 1,700 Sunflower 516Groundnut 3.46 (lac) Groundnut 14,680 Gram 50,285

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First Published: Nov 25 2014 | 5:07 PM IST

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