A bumper mustard crop is posing a important challenge for farmers, who are grappling with falling price tag realisations.
All eyes are on the Central agencies to occur to the rescue to growers as selling prices have already dipped underneath the minimum support price tag (MSP) concentrations of ₹4,425 per quintal. Location selling prices polled by the NCDEX from Alwar marketplace in Rajasthan on Thursday quoted at ₹4,012 per quintal, which is about ₹400 lessen from the MSP.
Plea to govt
“With a moderately significant crop coupled with poor sentiments, we feel selling prices would occur less than stress and mustard may possibly promote underneath MSP. It is critical that governing administration agencies this kind of as Nafed start out procurement or compensate the farmers via Bhavantar,” Atul Chaturvedi, President, Solvent Extractors’ Association of India (SEA), claimed in a assertion.
The mustard acreage was reported to be 69.51 lakh hectares, a tad lessen than very last year’s 69.71 lakh hectares. But a great monsoon in the growing regions of Rajasthan, Uttar Pradesh and Madhya Pradesh lifted the prospective clients of greater generate at 1,a hundred and ten kg per hectare as towards 1,075 kg per hectare.
On the other hand, premature rains in some parts have solid a shadow on the estimated higher crop.
Curbs on exports
“This year’s mustard crop would seem to be in great shape and we may possibly witness 1 of the best crops in the latest memory. On the other hand, rains in some growing locations may possibly have harmed the crop and the ultimate number may possibly not be what we have been expecting,” Chaturvedi extra.
The trade human body has also urged the Union Commerce Ministry to take into account lifting the controls on bulk export of mustard oils, which is at this time capped at five-kg pack dimensions and a minimum export price tag (MEP) for export of rapeseed/mustard oil.
“The export of mustard oil in bulk, may possibly not be in substantial amount but it will surely impression marketplace sentiments and support the price tag stage,” Chaturvedi claimed.
The SEA has also collaborated with intercontinental human body Solidaridad to create design mustard farms and inspire and showcase greater farm techniques and seed high quality.
“We have been pushing the governing administration to launch a Mustard Mission as we feel this oilseed has immense prospective and is ideally suited for India. The results of design mustard farms have been really encouraging and we feel it is time the governing administration requires this in mission mode on pan-India basis,” Chaturvedi claimed, adding that mustard could be 1 of the solutions to rein in the burgeoning oil import monthly bill.