AreaIndia

Commodity GroupOilseeds, oils and meals

CommodityOilseeds

Date18/06/2018

Policy CategoryStocks

Policy InstrumentPublic procurement

DescriptionProcured a record amount of oilseeds from farmers at minimum support prices in the 2017/18 season.

NotesAccording to the local press, in the 2017/18 season, the Central Government procured a record amount of pulses and oilseeds from farmers at minimum support prices. Following bumper 2017/18 harvests, prices of most crops fell below the government-announced support prices. Reportedly, until 22 June 2018, total procurement of oilseeds at support prices amounted to 1.97 million tonnes or 6.4 percent of total production.