NAFED's oilseed purchases stand at 1.8% of sanctioned quantity as of Mon
This story was originally published at 15:26 IST on 21 November 2024
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MUMBAI – The procurement of oilseeds in India under the price support scheme as of Monday was just 1.8% of 5.0 million tonnes approved by the Centre for the kharif oilseed year 2024-25 (Oct-Sept), according to data from the National Agricultural Cooperative Marketing Federation of India Ltd., the central procurement agency.
Of the total quantity sanctioned for oilseed procurement, soybean has the largest share at 3.2 million tonnes. However, only 82,650 tonnes of soybean were procured, just 2.6% of the sanctioned quantity. The Centre has allowed six states--Karnataka, Telangana, Madhya Pradesh, Maharashtra, Rajasthan, and Gujarat--to procure soybean from farmers at a minimum support price of INR 4,892 per 100 kg for 2024-25 (Oct-Sept).
With Telangana being the exception, the maximum procurement of soybean in the rest of the five states was not more than 2.5% of the sanctioned quantity in each state. In Telangana, NAFED had procured 32,593 tonnes, which is nearly 55% of the sanctioned quantity of 59,508 tonnes. The procurement period approved by the state government is Sept. 25 to Dec. 23.
The procurement in Gujarat was 197 tonnes, which is just 0.2% of the sanctioned quantity of 92,045 tonnes. This is because procurement in the state began only on Nov. 11 and is seen continuing till Feb. 9.
Despite prices of soybean falling below the minimum support price, procurement in top producers Madhya Pradesh and Maharashtra is also low due to the high moisture content in the new crop. Prices of soybean in Indore, Madhya Pradesh, were below the minimum support price of INR 4,892 at INR 4,000-4,400 per 100 kg as of Tuesday.
NAFED has procured only 32,930 tonnes of soybean in Madhya Pradesh, which is just 2.4% of the sanctioned quantity of 1.37 million tonnes. Similarly, in Maharashtra, 13,402 tonnes of soybean were procured, equal to 1.0% of the sanctioned quantity of 1.31 million tonnes.
Additionally, NAFED had procured 6,817 tonnes of groundnut, which is 0.4% of the total sanctioned quantity of 1.75 million tonnes. The Centre has allowed Gujarat, Karnataka, Rajasthan, Haryana, Andhra Pradesh, and Uttar Pradesh to procure groundnut at a minimum support price of INR 6,783 per 100 kg. However, the procurement has started only in Gujarat and Rajasthan with minimal purchases.
In Gujarat, 6,796 tonnes were procured, which is 0.6% of the sanctioned quantity of 1.13 million tonnes, and in Rajasthan only 21 tonnes of the sanctioned quantity of 503,928 tonnes were purchased, according to the data.
Meanwhile, procurement of sesamum is yet to begin in Haryana and Uttar Pradesh. The Centre had sanctioned procurement of 123 tonnes and 26,000 tonnes in Haryana and Uttar Pradesh, respectively. The minimum support price for sesamum for 2024-25 (Oct-Sep) is INR 9,267 per 100 kg.
Regarding sunflower seed, the Centre had allowed procurement only in Karnataka, with a sanctioned quantity of 2,137 tonnes at a minimum support price of INR 7,280 per 100 kg. So far, 13,210 tonnes, which is 16.2% of the sanctioned quantity, has been procured, as per the data. End
Reported by J. Navya Sruthi
Edited by Rajeev Pai
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