The news reported by I Grain India on January 22 regarding tur (pigeon pea) procurement has proven accurate:

10-Feb-2025 08:27 AM

The news reported by I Grain India on January 22 regarding tur (pigeon pea) procurement has proven accurate:
★ The Karnataka government has approved the procurement of tur at Rs. 8,000 per quintal.
★ A bonus of Rs. 450 will be given over the Minimum Support Price (MSP) of Rs. 7,550 per quintal.
★ Under the PSS (Price Support Scheme), the Karnataka government has approved the procurement of 96,498 tons of chana (gram) along with tur procurement at Rs. 8,000 per quintal, including the Rs. 450 bonus.
~~~~~~~~~~~~~~~~~

Impact of Government Procurement on Markets:
★ Farmers who were previously unwilling to sell their produce below the MSP may now increase their sales.
★ There is a possibility of produce being weighed at government procurement centers, something that was almost nonexistent before.
★ Farmers who saw peak prices of Rs. 11,000-12,000 last season may still be hesitant to sell at these current rates.
★ Government procurement is expected to result in a slight increase in tur prices.