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.