The agriculture ministry said in the four years to 2018-19 the government has procured pulses and oilseeds worth Rs 44,142 crore from farmers at minimum support prices. It added that they had undertaken various interventions to boost the production of pulses and oilseeds during the last four and a half years to achieve self-sufficiency in the country.
India reported 72.10% rise in production of pulses at 25.23 million tonnes (MT) in FY18 as against 14.66 MT in FY10. Similarly, production of oilseeds increased 25.80% to 31.3 MT in the reporting period from 24.88 MT during corresponding period of last year. Besides, the government's decision to create buffer stock of pulses has also led to the increase of pulses production in the country. It added that the steps to raise Minimum Support Price to 1.5 times of cost of production undertaken this year will further encourage the farmers to grow more pulses and oilseeds.
The Ministry said it is notable that during five years from 2009-10 to 2013-14, only a quantity of 7.28 lakh MT of pulses and oilseeds valuing Rs 3,117.38 crore was procured at MSP whereas during the period from 2014-15 to 2018-19, a quantity of 93.97 lakh MT of pulses and oilseeds valuing Rs 44,142.50 crore were procured at MSP by government. Procurement of 78.84 lakh MT amounting to Rs 35,800 crore alone has been contributed by the states of Madhya Pradesh, Gujarat, Rajasthan, Uttar Pradesh, Maharashtra, Telangana and Andhra Pradesh.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: