Tamil Nadu government to procure Pulses at MSP

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NCDEX TipsTamil Nadu (TN) government is likely to start procurement of Urad dal (black gram) and Moong dal (green gram) from February 1, with a view to ensuring Minimum Support Price for farmers who have cultivated pulses.

Procurement of Pulses by the government at the announced prices will ensure that middlemen do not procure them at lower prices to the detriment of farmers’ interests.

Urad dal will be procured at a cost of Rs 56 a kg, Moong dal will be procured at Rs 69.75 per kg.

Last month, Tamil Nadu government sought approval from Union Agriculture Ministry to implement Price Support Scheme for procurement of 58,425 tonnes of Urad dal and 16,900  tonnes of Moong dal during 2018-19. The procurement period approved is 90 days.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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