Mandi prices of most kharif crops ruling above MSP by up to 70%
Financial Express Mumbai|November 23, 2023
AS ARRIVALS HAVE picked up, prices of kharif crops, namely tur, maize, soyabean, groundnut and cotton are ruling above minimum support price (MSP) by 3-68% at the agricultural produce marketing committee (APMC) yards across the country.
SANDIP DAS

Officials said that prices are ruling above MSP for these pulses and oilseeds because of robust demand and domestic shortfall in the production.

They said the government is aiming to increase domestic supplies of pulses varieties and oilseeds through a liberalised imports regime.

"While the import duty for urad and tur varieties have been made duty-free till March 31, 2024, domestic market prices ruling above MSP would incentivise farmers for increasing output next season," an agriculture ministry official said.

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