HomeNewsEconomyNafed buys 24,000 tons moong so far under PSS; urad, groundnut not procured as prices rule above MSP

Nafed buys 24,000 tons moong so far under PSS; urad, groundnut not procured as prices rule above MSP

PSS, which is under the Agriculture Ministry, is operationalised only when prices of agri-produce fall below the minimum support price (MSP). Cooperative Nafed is undertaking procurement on behalf of the central government.

December 02, 2022 / 11:38 IST
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The government has procured 24,000 tonnes of green gram (moong) under the Price Support Scheme (PSS) so far this crop year, according to a senior agriculture ministry official.

PSS, which is under the Agriculture Ministry, is operationalised only when prices of agri-produce fall below the minimum support price (MSP). Cooperative Nafed is undertaking procurement on behalf of the central government.

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The ministry has approved procurement of 4,00,000 tonnes of kharif moong in 10 states including Karnataka, Tamil Nadu, Telangana, Chhattisgarh, Haryana, Uttar Pradesh, Gujarat, Odisha and Maharashtra.

"So far 24,000 tonnes of moong has been procured, out of which maximum 18,000 to 19,000 tonnes has been procured in Karnataka alone," the ministry official told PTI.