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Urad Prices Started Softening, Rainfall Enhances Sowing Area Under Kharif: Govt

10 Jul 2024 2:41 pm
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MUMBAI, 10 Jul (Commoditiescontrol): Finally, the government's proactive measures initiated at softening pulses prices, particularly highly consumed Urad, have started yielding desired results. On Wednesday, the Department of Consumer Affairs' issued a statement highlighting the achievement, which has proved beneficial for both the consumers and farmers.

The statement mentioned that, "the persistent efforts have successfully softened Urad prices, thanks to the Centre Government's proactive measures aimed at stabilizing prices for consumers while ensuring favorable price realization for farmers".

The anticipation of good rainfall has uplifted the morale of farmers, promising a robust crop yield in key Urad-producing states such as Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, Rajasthan, Tamil Nadu, and Maharashtra. As of July 5, 2024, Urad has been sown on 5.37 lakh hectares, a significant increase from the 3.67 lakh hectares sown during the same period last year. This 90-day crop is expected to yield a healthy Kharif production this year.

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

In Madhya Pradesh alone, 8,487 Urad farmers have registered through NCCF and NAFED. Other major producing states such as Maharashtra, Tamil Nadu, and Uttar Pradesh have seen pre-registrations of 2,037, 1,611, and 1,663 farmers respectively, highlighting widespread participation in these initiatives.

The procurement of summer Urad under the Price Support Scheme (PSS) by NAFED and NCCF is currently underway. As a result of these initiatives, as of July 6, 2024, wholesale prices of Urad have witnessed a week-on-week decline of 3.12% in Indore and 1.08% in Delhi markets.

In line with domestic prices, the landed prices of imported Urad are also trending downwards. These measures underscore the government's commitment to balancing market dynamics while supporting both farmers and consumers.

The Centre's comprehensive approach is not only stabilizing prices but also fostering a favorable environment for Urad cultivation, ensuring both market stability and agricultural growth.

(By Commoditiescontrol Bureau; +91 98201 30172)

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