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Saturday, September 19th, 2020

FCI would continue to be the designated Central Nodal Agency for procurement of pulses and oilseeds

INVC NEWS New Delhi, The Minimum Support Price (MSP) of Toria of Fair Average Quality (FAQ) for 2016-17 season to be marketed in 2017-18 has been fixed at Rs. 3560 per quintal. As per the decision of the Cabinet Committee on Economic Affairs (CCEA) regarding the Price Policy for Rabi Crops of 2016-17 season to be marketed in 2017-18, the MSP of Toria has been fixed on the basis of the normal market price differentials between Toria and Rapeseed/Mustard. The decision was taken by Agriculture & Farmers Welfare Ministry on 5th December, 2016. FCI would continue to be the designated Central Nodal Agency for procurement of pulses and oilseeds. To supplement the efforts of FCI, the National Agriculture Cooperative Marketing Federation of India Limited (NAFED), National Cooperative Consumer Federation (NCCF), Central Warehousing Cooperation (CWC) and Small Farmers Agri-Business Consortium (SFAC) may also undertake procurement of oilseeds and pulses as per their capacity. The losses, if any, incurred by the Nodal agencies in such operations may be fully reimbursed by the Government.

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