Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Oilcrops
Date
01/10/2018
Policy Category
Stocks
Policy Instrument
Public procurement/stockholding
Description
Approved proposals from 11 states for oilseed procurement operations during the Kharif (summer crops) marketing year that started in October.
Notes
Following the recent launch of a new procurement scheme for oilseeds and pulses (see MPPU Oct.18), the Indian Government recently approved proposals from 11 states for procurement operations during the Kharif (summer crops) marketing year that started in October. Reportedly, the decision was taken after sharp price falls in key growing regions. According to official sources, over 2.6 million tonnes of oilseeds will be procured.
