Centre to procure tur, masur dals directly from farmers
Centre to procure tur, masur dals directly from farmers
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La Excellence IAS Academy | March 18, 2024 | Economy
| Syllabus: GS-III Subject: Economy Topic: Agriculture and allied, Issue: Procurement of Dals |
Context: The government plans to procure tur and masur dal directly from farmers
- Procurement will be based on minimum assured procurement price (MAPP) or dynamic buffer procurement price (DBPP), whichever is higher.
Important Insights:
- The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the National Cooperative Consumers’ Federation of India Limited (NCCF) will carry out the procurement directly from pre-registered farmers.
- The Department of Consumer Affairs will procure 80% of the buffer requirement for tur and Masur directly from farmers at MSP or prevailing market price.
- Central stock is below the buffer norm of 3.1 million tonnes.
Prelims Connect(Schemes/Policies)
| Minimum Average Procurement Price:(MAPP)
It is determined as the weighted average price of the previous three trading days in a district. District Base Procurement Price:(DBPP) It is calculated based on the weighted average price on the day of procurement, along with the prices of the three preceding and subsequent trading days. While MAPP serves as a benchmark for determining support prices, DBPP is used specifically for procurement purposes, providing a reference for government procurement agencies. |
Source: Mint
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