Fall Sea­son Ex­tends for Commodities

Onion & pota­toes have been rul­ing be­low the min­i­mum sup­port price

The Economic Times - - Finance & Commodities - Jayashree.Bhos­ale @times­group.com

Pune: The post de­mon­eti­sa­tion fall in com­mod­ity prices has been ex­tended by a bumper pro­duc­tion aided by good weather con­di­tions cou­pled in­ad­e­quate pol­icy re­sponse from the gov­ern­ment. Prices of pulses, onion, pota­toes and other veg­eta­bles have been rul­ing be­low the min­i­mum sup­port price and cost of pro­duc­tion, lead­ing to a strong re­sent­ment among farm­ers.

The whole­sale price of potato in Mum­bai has de­clined from .₹ 15/kg on Novem­ber 8, 2016 to .₹ 7.50/kg on Fe­bru­ary 27.

Ac­cord­ing to the in­for­ma­tion with the Na­tional Hor­ti­cul­ture the gov­ern­ment,” he pleaded.

Cheap veg­etable prices have ad­versely im­pacted the de­mand for pulses.

“Gen­eral lack of in­ter­est from buy­ers post de­mon­eti­sa­tion, avail­abil­ity of cheaper veg­eta­bles and an in­crease in pro­duc­tion and stock limit have re­sulted in such a heavy fall in the prices of pulses,” said Nitin Kalantry, a Ma­ha­rash­tra-based dal miller. Prices of tur, moong and ma­soor are rul­ing be­low the MSP, while the price of chana is ex­pected to soon go be­low the MSP.

Record high prices and pro­mo­tion by the gov­ern­ment made farm­ers in­crease area un­der pulses. In case of chana, farm­ers had bought seeds at about .₹ 100/kg for sow­ing the rabi crop.

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