MoCAF&PD notified regarding the softening of Urad prices

Jul 10, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Ministry of Consumer Affairs, Food & Public Distribution (MoCAF&PD) on July 10, 2024, notified regarding the softening of Urad prices, rainfall enhances sowing area under Kharif.

The following has been stated:

• The proactive measures have been pivotal in stabilizing prices for consumers while ensuring favourable price realization for farmers.

• There has been significant momentum in the pre-registration of farmers through government agencies such as NAFED and NCCF. These efforts are part of the government's strategy to encourage farmers to shift towards pulse production during the Kharif season, aiming for self-sufficiency in this sector.

• The procurement of summer Urad under the Price Support Scheme (PSS) by NAFED and NCCF is in progress.

• These measures underscore the government's commitment to balancing market dynamics while supporting both farmers and consumers.

[Press Release ID: 2031993]


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