Maharashtra government has approached the Centre and sought permission for procurement of kharif crop Pulses and soybean at MSP. The Maharashtra government has commenced online registrations for farmers as part of the process of procurement of Moong, Urad and soybean at MSP. The registration process has begun from September 25. Last year, some 88 centres were opened in 23 districts of the state for procurement of 10 lakh quintal of soybean, 3.70 lakh quintal of Urad and 3, 47,500 quintal of Moong. The government has set parameters of 12% moisture content for the procurement of these Pulses. Moong is currently trading at Rs 3,800 per quintal to Rs 5,400 per quintal in the state while the MSP has been fixed at Rs 6,975 per quintal. Urad is trading at Rs 3,800 per quintal to Rs 4,450 per quintal when the MSP is Rs 5,600 per quintal, MSP of Soybean has fixed at 3,390 per quintal. According to senior government officials, the production of Moong is expected to be 14.7 lakh quintals and proposed procurement is 4 lakh quintals. For Urad, the expected production is 14.7 lakh quintals and proposed procurement is 3.50 lakh quintals. For Soybean, expected production is 450 lakh quintals and procurement is expected to be around 25 lakh quintals.
Open an accountOPEN AN ACCOUNT
Subscribe to newsletter
Request a call back
DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.