AreaIndia

Commodity GroupOilseeds, oils and meals

CommodityOilcrops

Date01/10/2018

Policy CategoryStocks

Policy InstrumentPublic procurement/stockholding

DescriptionApproved proposals from 11 states for oilseed procurement operations during the Kharif (summer crops) marketing year that started in October.

NotesFollowing the recent launch of a new procurement scheme for oilseeds and pulses (see MPPU Oct.’18), the Indian Government recently approved proposals from 11 states for procurement operations during the Kharif (summer crops) marketing year that started in October. Reportedly, the decision was taken after sharp price falls in key growing regions. According to official sources, over 2.6 million tonnes of oilseeds will be procured.