New Delhi: The government on Wednesday said urad prices have started softening in wholesale markets in Delhi and Indore due to its efforts to increase supply and reports of higher sowing in the ongoing Kharif season.
The area covered under urad reached 5.37 lakh hectares till July 5 of this ongoing Kharif season, compared to 3.67 lakh hectares last year.
"The constant efforts of the Department of Consumer Affairs have resulted in weakening of urad prices," an official statement said.
The central government's proactive measures have been instrumental in stabilizing prices for consumers while ensuring favorable price realization for farmers, he added.
The forecast of good rains is expected to boost the morale of farmers, leading to the production of a good crop in major urad-producing states such as Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, Rajasthan, Tamil Nadu and Maharashtra.
"As on July 5, 2024, the sown area in Urad reached 5.37 lakh hectares, compared to 3.67 lakh hectares in the corresponding period last year," the statement said.
The 90-day crop is expected to see healthy Kharif production this year, the government hopes.
Ahead of the Kharif sowing season, there has been a significant push in pre-registration of farmers through government agencies like NAFED and NCCF. These agencies will procure urad from farmers.
These efforts are part of the government's strategy to encourage farmers to switch to pulse production during the Kharif season and make India self-reliant.
In Madhya Pradesh alone, a total of 8,487 urad farmers have already registered through NCCF and NAFED.
Meanwhile, other major producing states such as Maharashtra, Tamil Nadu and Uttar Pradesh have recorded pre-registrations of 2,037, 1,611 and 1,663 farmers respectively, indicating wide participation in these initiatives.
Procurement of summer urad is being carried out by NAFED and NCCF under the Price Support Scheme (PSS).
As a result of these initiatives, till July 6, 2024, wholesale urad prices have seen a weekly decline of 3.12 percent and 1.08 percent in Indore and Delhi markets respectively.
In line with domestic prices, onshore prices of imported urad are also on a downward trend, the government said.
The area covered under urad reached 5.37 lakh hectares till July 5 of this ongoing Kharif season, compared to 3.67 lakh hectares last year.
"The constant efforts of the Department of Consumer Affairs have resulted in weakening of urad prices," an official statement said.
The central government's proactive measures have been instrumental in stabilizing prices for consumers while ensuring favorable price realization for farmers, he added.
The forecast of good rains is expected to boost the morale of farmers, leading to the production of a good crop in major urad-producing states such as Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, Rajasthan, Tamil Nadu and Maharashtra.
"As on July 5, 2024, the sown area in Urad reached 5.37 lakh hectares, compared to 3.67 lakh hectares in the corresponding period last year," the statement said.
The 90-day crop is expected to see healthy Kharif production this year, the government hopes.
Ahead of the Kharif sowing season, there has been a significant push in pre-registration of farmers through government agencies like NAFED and NCCF. These agencies will procure urad from farmers.
These efforts are part of the government's strategy to encourage farmers to switch to pulse production during the Kharif season and make India self-reliant.
In Madhya Pradesh alone, a total of 8,487 urad farmers have already registered through NCCF and NAFED.
Meanwhile, other major producing states such as Maharashtra, Tamil Nadu and Uttar Pradesh have recorded pre-registrations of 2,037, 1,611 and 1,663 farmers respectively, indicating wide participation in these initiatives.
Procurement of summer urad is being carried out by NAFED and NCCF under the Price Support Scheme (PSS).
As a result of these initiatives, till July 6, 2024, wholesale urad prices have seen a weekly decline of 3.12 percent and 1.08 percent in Indore and Delhi markets respectively.
In line with domestic prices, onshore prices of imported urad are also on a downward trend, the government said.
