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MoneyWirekharif crops: Government to buy pulses, oilseeds in 3 states at MSP for INR 55.5 billion
kharif crops

Government to buy pulses, oilseeds in 3 states at MSP for INR 55.5 billion

This story was originally published at 16:04 IST on 30 September 2026
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Informist, Wednesday, Sept. 30, 2026

 

NEW DELHI – Union Agriculture Minister Shivraj Singh Chouhan Wednesday approved procurement of pulses and oilseeds worth INR 55.48 billion at minimum support price for the kharif marketing season 2026-27 in Uttar Pradesh, Telangana, and Karnataka. The government will procure 706,000 tonnes of pulses and oilseeds from farmers at minimum support prices.

 

The largest share of the procurement, worth INR 39.93 billion, has been sanctioned to Uttar Pradesh. For Karnataka, procurement worth INR 11.07 billion has been sanctioned and INR 4.48 billion has been sanctioned for Telangana. 

 

In Uttar Pradesh, 466,000 tonnes of tur dal will be procured along with 6,250 tonnes of moong, the ministry said in a statement. In Karnataka, 115,500 tonnes of soybeans will be procured by the government, along with 38,250 tonnes of moong, and 13,413 tonnes of sunflowers. In Telangana, 62,000 tonnes of soybean and 10,766 tonnes of moong will be procured at MSP under the Price Support Scheme, the statement said. 

 

"The decision is aimed at protecting farmers from a decline in market prices and ensuring remunerative returns for their produce, particularly for pulse and oilseed growers... the decision will provide greater economic security to farmers while encouraging domestic production of pulses and oilseeds," the minister said in the statement.   End

 

Reported by Upasika Singhal

Edited by Shubhayan Bhattacharya

 

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