According to traders, mandi prices for oilseeds and pulses are still below the minimum support price (MSP) as kharif crop arrivals increase in important markets. Major pulses like tur, urad, chana, and masoor are currently 8–18% less expensive than MSP, while oilseeds like groundnut and soybean are 21–30% less expensive than benchmark pricing. Official guarantees…
The Indian government has approved the procurement of moong and groundnut from Haryana, Gujarat, and Uttar Pradesh at the minimum support price (MSP), as well as a 15-day extension of the procurement period in Andhra Pradesh. The Central Price Support Scheme (PSS) will be utilized for the procurement of summer crops in 2025-26. The Agriculture…
Maharashtra’s soybean cultivation area is expected to decrease by two lakh hectares due to poor returns on the produce last year. External factors such as the import of soybean cake as fodder and the government’s reluctance to purchase have dampened farmers’ interest in soybean cultivation. Other factors include losses caused by irregular rainfall and delays…
The government is being forced to increase purchases of pulses and oilseeds at their respective minimum support prices (MSPs) because the mandi prices of most of these products are below these MSPs. Trade sources attribute the decline in market prices to liberal imports and encouraging harvest prospects. In contrast to the MSP of Rs 7550/quintal…
The procurement of Tur (Arhar) from farmers at the Minimum Support Price (MSP) by the Centre has seen a total quantity of 1.31 lakh metric tonnes procured in major producing states including Andhra Pradesh, Gujarat, Karnataka, Maharashtra, and Telangana, benefiting as many as 89,219 farmers. The government has also approved the procurement of the entire…
The Indian government has ended its open market wheat sales, selling 2.97 million tonnes out of the 3 million tonnes offered under the Open Market Sales Scheme (OMSS). Despite efforts to control prices, wheat rates remain above the Minimum Support Price (MSP) of ₹2,425/quintal. Bid prices ranged from ₹2,540 to ₹3,275 per quintal in different…
Chana prices are expected to decline due to favorable weather conditions and increased sowing in key states like Rajasthan, Maharashtra, and Madhya Pradesh. Peak arrivals are expected from mid-March to early April, adding pressure on prices. India imported a record 6.7 million tonnes of pulses in 2024, with yellow peas accounting for nearly 2.9 million…
The Indian government has raised minimum support prices (MSP) for seven rabi crops for the 2025-26 marketing season, with mustard and rapeseed being the most affected. The increase is expected to ensure remunerative prices for farmers and encourage crop diversification. Wheat’s MSP has been raised by Rs 150 per quintal. To reduce import dependence on…
Soyabean, groundnut, and sunflower prices have fallen 8-25% below the Minimum Support Price (MSP) in agri-terminal markets during the early days of the harvesting season. Farmers face significant losses due to delayed MSP-based procurement, with soybean prices averaging ₹4,268 per quintal, 12.8% lower than the MSP. Large crop expectations and export uncertainties, particularly in Iran,…
The mandi prices of soybean, a crucial variety of oilseed for Kharif, have increased by approximately Rs 500 per quintal since the government announced two weeks ago that the import levy on edible oil would be increased. As new supplies enter the market, soybean prices align with the minimum support price (MSP) for the upcoming…
