Tur support price has no impact on open market

Raichur: The government has announced minimum support price for tur and initiated steps to procure the produce too but there is no let up in the open market price.

The price quoted for red tur last week was Rs 4,870 per quintal and compared to the price of last month the rate came down from Rs 5,000. The Centre has announced Rs 5,450 minimum support price for tur while the State government has announced an incentive of Rs 550.

Procurement centres purchase tur for Rs 6,000 per quintal. Enrollment of tur growers was also done and procurement would be done in 18 centres in the district.

There is a common notion that if the government announces minimum support price and incentives, the traders in the open market start quoting higher prices. But the notion seems to be a failure this year as the traders remained silent.

Competition is expected to increase in selling the produce in the procurement centres itself rather than in the open market. However, the maximum limit of purchase fixed for a tur grower having five acres of land is 20 quintals this year. Last year such a cap was not fixed.

Five tur procurement centres function in Raichur taluk, three each in Deodurg and Manvi taluks, five in Lingasgur taluk and one in Sindhanur taluk. Task force committee under the leadership of deputy commissioner has planned the procurement centres, informed APMC officer Vijaykumar.

Some farmers who lack facilities to store the produce for long have been selling the produce for lower price in the APMC market. From November 1 to December 26, totally 16,158 quintals of tur inflow was recorded. Some farmers from neighbouring Andhra Pradesh and Telangana also come to Raichur market to sell tur, APMC sources said.

Farmer leader Lakshman Kadagandoddi said, all the farmers could not get the benefit of support price for tur last year.

The traders who had purchased tur from the farmers for lower price had encashed the benefit of support price. This year the government has announced a better price for the produce. The farmers should directly get the benefit from the procurement centres, he said.

Comments
Facebooktwittergoogle_plusredditpinterestlinkedinmail

Leave a Reply

Facebook