Almost all Kharif crops were sold below their Minimum Support Prices (MSPs) across agricultural markets in October, with only paddy and jowar sold at good prices. As per a report, even in the cases of paddy and jowar the major kharif crops, only a small portion of paddy farmers have managed to sell their crops at good prices and benefitted from the MSP.
Major Kharif Crops Sold at Lower Prices
The prices of nine major oilseeds and crops at mandis – urad (black gram), tur (red gram), moong (green gram), soybean, groundnut, maize, bajra (millet), jowar (sorghum) and paddy – were lower than their respective MSP rates as of October. Further, barring paddy and jowar, the rates of the other seven crops were lower by 3-32% compared to October 2024.
The Prices of Commodities May Firm Up
However, the prices of some of the commodities such as tur may firm up due to supply side issue, in case the government restricts the cheaper imports of such commodities. But still there is no hope for oilseeds prices to match the MSP levels till December. The mandi prices of nine major crops including urad (black gram), moong (green gram) was lower than their respective MSPs in October.
Major Kharif oilseeds, soybean, and groundnut were sold about 26 per cent below their MSPs in October, whereas the rates of tur, moong and urad were 17-25 per cent lower than their benchmark rates. Paddy is the only crop which faced very low the average realisation, as per official data paddy was 1.8 per cent below MSP, which could be due to a robust procurement system. The government has purchased 46 per cent higher at over 119 lakh tonnes (in terms of rice) until October 31 in current season (October-September).
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