You are here: Home » PTI Stories » National » News
Business Standard

Price of large cardamom has come down due to fluctuating

Topics
Politics

Press Trust of India  |  Itanagar 

Arunachal Pradesh Agriculture and Horticulture minister Tage Taki told the Assembly on Wednesday that the price of large cardamom produced in the state has decreased in the current financial year due to the fluctuating market rate.

Taki in reply to a question by senior Congress MLA Nabam Tuki said the price of large cardamom has declined from an average price of Rs 1,300 per kg in the year 2014-15 to Rs 450 per kg in 2019-20.

"Market prices fluctuate without any explanation and hence the rise and decline in the price of large cardamom in the state is due to external factors and not within the control of the state government," Taki said.

He said, no state provides Minimum Support Price (MSP) for large cardamom or for that matter on perishable agro produces like large cardamom.

He said in case of any natural calamities, the state government pays compensation to the farmers.

However, in case of decline in market rate, there is no provision for the state as well as the Central government to provide compensation.

"Since the large cardamom does not come under the policy of MSP, neither the Central government nor the state government has kept fund provision for it," Taki said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, January 08 2020. 19:25 IST
RECOMMENDED FOR YOU