Onion prices fall; Odisha govt not sought any help yet: Centre

Image
Press Trust of India New Delhi
Last Updated : May 22 2017 | 7:22 PM IST
Onion prices in Odisha have fallen sharply to Rs 3-4 per kg but the state government has not yet sought the Centre's help to procure it under a scheme, Union Agriculture Minister Radha Mohan Singh said today.
He said the state might not have requested for implementation of central scheme Market Intervention Scheme (MIS) as it does not want to bear 50 per cent cost of procurement.
"It has been brought to our notice that prices of onions have fallen sharply in Odisha and are selling at 3-4 per kg in mandis and farmers are affected. The Odisha government has not yet requested the Centre for implementation of MIS," Singh said in a statement.
The scheme is being implemented in some states. For instance, arecanut was procured from Karnataka under MIS. Similarly, chilli from Andhra Pradesh and Telangana, while potato in Uttar Pradesh.
"It appears that the Odisha government does not want to bear the cost and for this reason it has not put request for implementing the scheme," Singh noted.
Under the MIS, those agri-commodities are procured whose MSP is not fixed and whose prices have gone up 10 per cent and production has increased by 10 per cent. The cost is borne 50:50 by both centre and state.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 22 2017 | 7:22 PM IST

Next Story