Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Rabi oilcrops
Date
01/11/2017
Policy Category
Production
Policy Instrument
Production support
Description
Raised the minimum support prices for Rabi crops, without, however, guaranteeing procurement by state agencies at the established prices.
Notes
ed from last seasons level. For rapeseed and safflowerseed, they have been set at, respectively, INR 4 000 and INR 4 100 per quintal (USD 624 and 639 per tonne), up 8 and 11 percent year-on-year. For comparison, support prices for pulses have been raised by 810 percent and those for Rabi grains by 67 percent. Market observers pointed out that the increases may be insufficient to offset higher production costs. More importantly, oilseeds growers would only benefit from the higher support prices if state agencies actually scaled up crop procurement at the established prices.
