10-07-2024 02:57 PM | Source: IANS
Urad prices dip on higher government procurement, sown area shoots up amid better monsoon
News By Tags | #Commodity #Government #Urad

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Urad has reached 5.37 lakh hectares, as compared to 3.67 lakh hectares for the corresponding period last year. The 90-day crop is expected to experience a healthy kharif production this year.

Ahead of the Kharif sowing season, there has been significant momentum in the pre-registration of farmers through government agencies such as NAFED and NCCF. These efforts are part of the government's strategy to encourage farmers to shift towards pulse production during the Kharif season, aiming for self-sufficiency in this sector.

In Madhya Pradesh alone, a total of 8,487 Urad farmers have already registered through NCCF and NAFED. Meanwhile, other major producing states such as Maharashtra, Tamil Nadu and Uttar Pradesh have seen pre-registrations of 2037, 1611 and 1663 farmers respectively, indicating widespread participation in these initiatives.

These measures underscore the government's commitment to balancing market dynamics while supporting both, farmers and consumers, the official statement added.