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The proposed new formula is for NCCF, NAFED, and CCI to buy at a contracted MSP for five years. How will this arrangement work, and what have the farmers said?
Crisil Ratings predicts that the next peak of inflation in pulses could be 6 to 7 months away. Weather patterns last year damaged production, potentially increasing prices. Policymakers will need to pay attention to monsoon behavior and its effects on prices and take action to rectify pressure. This year, with delayed rains, pulses sowing could be affected. The government's removal of the 40% procurement ceiling for key pulses could encourage farmers and help increase sown area.
Pulses are a staple of the Indian diet and will remain an important source of protein for a vast majority of Indians. Some suggestion on how the government can ensure demand is met.
As per media repots, the government might take a big decision regarding the MSP of Rabi crops in the meeting of the Union Cabinet and CCEA today.
Floor price of paddy up at ₹1,940/quintal