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The Central Government has approved the procurement of up to 22,215 tonnes of green gram and 13,210 tonnes of sunflower seeds in Karnataka under the Price Support Scheme (PSS) for the kharif 2024-25 season. This decision comes as moong prices have been below the Minimum Support Price (MSP), prompting concerns among farmers. Following the announcement, prices have shown a marginal improvement in key markets.

Highlights

Centre's Approval for Procurement: The Central Government approved the procurement of kharif crops, including green gram (moong) and sunflower seeds, under the Price Support Scheme (PSS) in Karnataka, starting from the kharif 2024-25 season.

Approved Procurement Quantities: The Agriculture Ministry approved the procurement of up to 22,215 tonnes of green gram at an MSP of ?8,682 per quintal and 13,210 tonnes of sunflower seeds at ?7,280 per quintal in Karnataka.

Price Decline in North Karnataka: Moong prices in North Karnataka had been ruling below the MSP levels, ranging between ?5,900-6,600 per quintal due to the new crop entering the market, causing concerns among farmers.

Impact of Procurement Announcement: Following the government's procurement announcement, moong prices showed a marginal increase, with the modal price at Gadag APMC market yard rising to ?7,132 per quintal from ?6,293 on August 23.

Moong Crop Cycle and Planting Data: Moong, being the earliest kharif crop with a sixty-day cycle, has been planted on 33.24 lakh hectares nationwide as of August 16, up from 30.26 lakh hectares last year.

Moong Production by Region: Rajasthan is the largest producer of moong, followed by Karnataka and Maharashtra. Karnataka saw a significant increase in moong acreage to 4.35 lakh hectares this year from 1.73 lakh hectares last year, driven by better rainfall conditions.

Conclusion

The Centre's decision to procure green gram and sunflower seeds at MSP levels is a significant step to support farmers in Karnataka, especially as moong prices were falling below the support levels. By securing purchases under the Price Support Scheme, the government aims to stabilize prices and safeguard farmers' incomes. With an increase in moong acreage this year, particularly in Karnataka, the timely intervention is expected to boost farmer confidence and ensure a fair price for their produce.

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