With the new tur (arhar) crop set to hit the markets of Maharashtra, the Maharashtra Federation of Farmer Produce Companies, or MahaFPC, is preparing the ground to begin the pulse procurement on a large scale.
With the new tur (arhar) crop set to hit the markets of Maharashtra, the Maharashtra Federation of Farmer Produce Companies, or MahaFPC, is preparing the ground to begin the pulse procurement on a large scale. The procurement will be done under the price stabilisation scheme of the government by the federation, top officials of the federation said. There has been a demand among growers for intervention from the Centre on fears of falling prices. This is the first time any federation of farmer produce companies will begin procurement of pulses on a large scale.
On Tuesday, tur prices in Maharashtra’s Akola touched a low of Rs 3,000 and Rs 4,875 per quintal, respectively, breaching the minimum support price (MSP) of R5,050 announced by the Centre. On Wednesday, tur prices in Latur were around R5,000 per quintal and as arrivals peak in January, prices are expected to come down further, Hukumchand Kalantry, president, Latur Dal Millers Association, said, underlining the need for government intervention.
According to Yogesh Thorat, MD, MahaFPC, the target is to procure some 20,000 tonne of tur for Maharashtra in accordance with the targets of a 1 million tonne (mt) buffer stock to be created by the Centre. Of this, Maharashtra’s share is to the tune of some 20,000 tonne, he said. There has been a bumper crop this year, he said, adding that acreage under tur has gone up by 20-25% over the previous year. The federation has signed an MoU with the Small Farmers Agri-Business Consortium (SFAC) for procurement of tur, which is expected to begin when the arrivals begin. While the Centre has fixed MSP at R5,050 per quintal, the federation intends to purchase tur at the prevailing market rates, Thorat pointed out. This is being done to prevent any distress sale by farmers since production has been good in the state, he said. MahaFPC is a federation of some 60 farmer producer companies; producer companies in Osmanabad, Latur, Parbhani, Ahmednagar and Indapur, among other regions, are expected to participate in the procurement process.