Karnataka offers ₹550/qtl bonus for tur

Business Line, December 20, 2017
ET Bureau

Poll-bound Karnataka has proposed an incentive of ₹550 per quintal to growers of tur (red gram) in addition to the Centre’s MSP and bonus of ₹5450, as the harvest of the pulses crop has began in the key growing regions of the State.

As a result, farmers will get a price of ₹6,000 for every quintal of tur this year. Sources said the State expects to commence the procurement of red gram as soon as the market arrivals of the new crop begins.

rices are ruling below the MSP levels in markets such as Bidar and Yadgir.

The State has fixed a procurement ceiling of 20 quintals per farmer for ₹6,000/quintal, sources said. The Centre has fixed a tur procurement target of 16.5 lakh quintals in Karnataka for the 2017-18 season. Last year, the state had procured over 2.4 lakh tonnes on a bumper harvest.

Reference;
http://m.thehindubusinessline.com/economy/agri-business/karnataka-offers-550qtl-bonus-for-tur-ahead-of-polls/article9998061.ece

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