Commodity market: Govt may increase MSP of urad and tuvar dal by up to 10%: sources

According to sources, the MSP of soybean and sunflower oil may also increase by 5 to 7 percent. Also, MSP of paddy may increase by 4-5 percent. The government may also announce bonuses this year

3 Month ago

Commodity price: To increase the production of dal, the government can increase the MSP of urad and tuvar dal by up to 10 percent. According to sources, the government may also increase the MSP of soybean and sunflower oil by 5-7 percent. The cabinet may approve it in a week. The government is preparing to give gifts to farmers. As per the information received from the sources, the MSP of Tuwer and Addad may increase by 10 percent. This approval is possible in the cabinet meeting this week.

According to sources, the MSP of soybean and sunflower oil may also increase by 5 to 7 percent. Also, MSP of paddy may increase by 4-5 percent. The government may also announce bonuses this year. According to sources, the CACP has sent its recommendation to the government. Let us tell you that the government fixes the MSP of 14 crops including paddy.

Whose MSP can increase by how much?

Sources say paddy MSP is 4-5 percent, mung bean MSP 5 percent, soyabean MSP 5-7 percent, sunflower oil MSP 5-7 percent, tuwer dal MSP 8-10 percent and MSP. Urad dal can increase by 8-10 percent.

Soybean planting concerns

On the other hand, there is concern about soybeans in view of weak monsoon momentum. Soybean planting may be delayed. However, the lack of buyers for soybean seed is not a concern regarding seed availability. There is a carry over stock of 12-13 lakh tonnes in the country.

Forecast for lack of rain in June, good monsoon in July

Talking about monsoon, there may be lack of rain in the month of June, entry of monsoon in July, monsoon in September and October will also be good. There is a possibility of rain in Delhi on June 27-28. Skymet's VP (Metrology and Climate Change) Mahesh Palawat said that the monsoon will now start advancing from here. There are indications of good rains in some areas since June 19. There is a possibility of rain in Delhi on June 27-28.

Some areas will see rain during June 23-24. Lack of rain can be seen in the month of June. La Niña conditions will prevail in the second half of July. Monsoon will also be good in September and October. It is difficult to see an improvement in rainfall in Kerala. Marathwada and Vidarbha of Maharashtra will get good rain. A good monsoon is expected in Gujarat and East Rajasthan.