Trade and markets
 

Detail

Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Oilseeds
Date
18/06/2018
Policy Category
Stocks
Policy Instrument
Public procurement
Description
Procured a record amount of oilseeds from farmers at minimum support prices in the 2017/18 season.
Notes
According to the local press, in the 2017/18 season, the Central Government procured a record amount of pulses and oilseeds from farmers at minimum support prices. Following bumper 2017/18 harvests, prices of most crops fell below the government-announced support prices. Reportedly, until 22 June 2018, total procurement of oilseeds at support prices amounted to 1.97 million tonnes or 6.4 percent of total production.