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Utilities
The Indian government has resumed the Minimum Support Price (MSP) procurement operations for tur, a major pulse crop, as its market prices have declined significantly. This move comes after a period of high prices due to lower output in previous years. The decision aims to stabilize the market and ensure farmers receive remunerative prices for their produce.
Tur, or pigeon pea, is a crucial legume crop in India, contributing significantly to the country's pulse production. The MSP is a price floor set by the government to ensure that farmers do not sell their produce at prices below this benchmark, thereby providing them with financial stability. Over the past two years, tur prices had surged, often exceeding the MSP by more than 35%, due to factors like reduced crop yields and increased imports.
In the current 2024-25 kharif season, the government has purchased over 0.24 million tonnes of tur at the MSP in major producing states such as Maharashtra, Gujarat, Andhra Pradesh, and Telangana. These procurement operations are part of the Price Support Scheme (PSS), a component of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) initiative. Notably, the agriculture ministry has extended the procurement period in Karnataka until May 1, beyond the usual 90-day window post-harvest.
At Latur, a key trading hub in Maharashtra, tur prices have ranged between Rs 6800 and Rs 7100 per quintal, which is below the MSP of Rs 7550 per quintal for the 2024-25 season. This downward trend reflects a significant drop from previous seasons when prices were as high as Rs 9000 to Rs 10,000 per quintal, far exceeding the MSP.
The resumption of MSP procurements not only supports farmers by providing them with stable income but also helps in stabilizing the retail prices for consumers. As of recent reports, the modal retail price of tur has declined to Rs 130 per kg, marking an 18% decrease from Rs 160 per kg a month ago.
To reduce dependence on imports and boost domestic production, the government has approved the procurement of tur, urad (black gram), and lentil under the PSS at 100% of state production for the 2024-25 procurement year. This decision indicates a strong commitment to enhancing domestic pulse production and supporting farmers.
While the government's efforts to enhance domestic production are promising, several challenges remain. India imports about 1 million tonnes of tur annually from countries like Myanmar, Mozambique, Malawi, and Tanzania. The extension of free import policies for tur until March 31, 2026, indicates ongoing reliance on imports despite efforts to boost domestic yields.
To achieve self-sufficiency in pulses, the government must focus on sustainable farming practices, improve crop yields, and enhance market infrastructure. Additionally, promoting private sector investment and encouraging farmers to adopt new technologies can help increase production and reduce reliance on imports.
The resumption of MSP operations for tur is a significant step towards supporting Indian farmers and stabilizing the pulse market. By focusing on both immediate price support measures and long-term strategies to boost production, India can move closer to achieving self-sufficiency in pulses.
