STOCK MARKET BSE NSE

Karnataka to sell tur dal at Rs 100/kg

The price of raw tur dal has come down to Rs 2,800-Rs 3,900 per quintal after the demonetisation of Rs 500 and Rs 1,000 notes.

Published: 20th December 2016 02:19 AM  |   Last Updated: 20th December 2016 12:07 PM   |  A+A-

Image used for representational purpose only

Image used for representational purpose only

By Express News Service

BENGALURU: The state government has decided to come to the rescue of tur dal growers by procuring the produce at Rs 5,050 per quintal as the farmers are suffering losses due to price crash following demonetisation and high yield.

The price of raw tur dal has come down to Rs 2,800- Rs 3,900 per quintal after the demonetisation of Rs 500 and Rs 1,000 notes.  Meanwhile, the Union government has fixed the Minimum Support Price (MSP) at Rs 5,050 per quintal of tur dal.

“We have decided to procure the produce from farmers at Rs 5,050 per quintal to bail them out,” said Law and Parliamentary Affairs Minister T B Jayachandra, who is also the chairman of the Cabinet sub-committee on Agriculture Produce Pricing, here on Monday.

The state government has decided to sell the procured tur dal through the Public Distribution System at Rs 100 per kg instead of offering it to buffer stocks of the Union government, he said.

Farmers in large numbers in Bidar, Kalaburagi and Raichur have grown tur dal after its price witnessed a huge surge last year. Demonetisation has resulted in a crash in the prices of many agriculture crops, Jayachandra said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp