SME Times is powered by   
Search News
Just in:   • Adani Group’s Ambuja Cements acquires 47 pc stake in Orient Cement for Rs 8,100 crore  • India’s enterprise ICT market to reach $354 billion in 2028  • India’s growth story remains intact, real GDP likely to grow at 7.2 pc in FY25: RBI Guv  • Extension of ‘Udan’ scheme to further improve unserved air routes in India  • Expansion of BRICS has added to its inclusivity and agenda for global good: PM Modi 
Last updated: 10 Jul, 2024  

Food.Grain.9.Thmb.jpg Urad prices dip on higher govt procurement, sown area shoots up amid better monsoon

Pulses.9.jpg
   Top Stories
» Adani Group’s Ambuja Cements acquires 47 pc stake in Orient Cement for Rs 8,100 crore
» India’s growth story remains intact, real GDP likely to grow at 7.2 pc in FY25: RBI Guv
» Extension of ‘Udan’ scheme to further improve unserved air routes in India
» Expansion of BRICS has added to its inclusivity and agenda for global good: PM Modi
» Vision for developed India by 2047 part of the mindset: PM Modi
IANS | 10 Jul, 2024

The prices of Urad have started declining in the domestic market on the back of a higher procurement of the summer crop by government agencies and the outlook for the kharif crop has improved with the increase in sown area this year due to a better monsoon, the Ministry of Consumer Affairs said on Wednesday.

As of July 6, wholesale prices of Urad have witnessed a week-on-week decline of 3.12 per cent and 1.08 per cent in the Indore and Delhi markets respectively. In alignment with domestic prices, the landed prices of imported Urad are also on a declining trend, the ministry said in a statement.

The procurement of summer Urad under the Price Support Scheme (PSS) by NAFED and NCCF is in progress.

As of 5th July, the area sown for 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.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter