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Hindustan Times
13-06-2025
- Business
- Hindustan Times
Govt approves MSP procurement of 54,166 tonnes moong from Haryana, Gujrat, UP
The government has approved the procurement of 54,166 tonnes of moong from Haryana, Gujarat and Uttar Pradesh at a minimum support price (MSP), along with the procurement of 50,750 tonnes of groundnut from Uttar Pradesh. The procurement of the summer crops of 2025-26 will be undertaken under the central Price Support Scheme (PSS), which is activated when market rates fall below the MSP. Agriculture minister Shivraj Singh Chouhan approved the proposal to purchase crops under PSS to protect farmers' interests. The minister also approved a 15-day extension of the procurement period in Andhra Pradesh till June 26. The government has permitted the procurement of 100% production of tur, urad and masur in 2024-25 under the PSS to incentivise farmers, enhance domestic pulse production and reduce import dependence. This initiative has been extended for another four years till 2028-29. Procurement under the PSS is undertaken by central nodal agencies National Agricultural Cooperative Marketing Federation of India (Nafed) and National Cooperative Consumers' Federation of India (NCCF).
Mint
12-06-2025
- Business
- Mint
MSP boost: Moong, groundnut procurement approved under price support scheme
Agriculture minister Shivraj Singh Chouhan has approved a proposal to purchase 54,166 tonnes of moong and 50,750 tonnes of groundnut crops under the price support scheme (PSS). The PSS is usually implemented when prices of notified pulses, oilseeds and copra fall below the MSP (minimum support price) during peak harvesting periods, and is intended to ensure farmers receive remunerative prices for their crop. The minister also approved a 15-day extension of the procurement period in Andhra Pradesh till 26 June. While the groundnut will be procured from Uttar Pradesh for the summer crop season 2025-26, the moong will be procured from Haryana, Uttar Pradesh and Gujarat, per a government media release. The MSP for summer moong (green gram) for the 2025-26 season has been increased to ₹ 8,768 per quintal from ₹ 8,682 in 2024-25. Also, the MSP for groundnut has been set at ₹ 7,263 per quintal for the marketing season 2025-26. This represents an increase of ₹ 480 compared to the previous year. In order to incentivize farmers and enhance the domestic production of pulses while reducing the country's dependence on imports, the government has permitted procurement of Tur (Arhar), Urad, and Masur under the PSS up to 100% of the production of the respective state for the procurement year 2024-25. Furthermore, in the Union Budget 2025, the government announced the continuation of this initiative for an additional four years, up to 2028-29, wherein procurement of these pulses will be undertaken up to 100% of state production through central nodal agencies, namely National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers' Federation of India (NCCF), with the aim of achieving national self-sufficiency in pulse production. The Centre is implementing the integrated Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) scheme, which encompasses the PSS, price deficiency payment scheme (PDPS), market intervention scheme (MIS), and price stabilisation fund (PSF). The overarching objective of this initiative is to ensure assured and remunerative prices for farmers' agricultural produce, thereby protecting their income and securing their livelihood against market fluctuations. To be sure, India follows three cropping seasons—rabi, kharif, and summer (or Zaid). The summer window, which runs from March to June, sits between the main rabi harvest and the onset of kharif sowing. These crops typically grow on irrigated land and have shorter growing cycles, making acreage trends a useful early signal of agricultural momentum.
