Trade resumes in APMC after Govt’s assurance on MSP

Source: The Hitavada      Date: 10 Sep 2018 10:38:31


 

Business Bureau,

Trading in the APMC markets across the State resumed soon after the State Government assured food grain dealers that they would not face legal action even if they buy commodities below Minimum Support Price (MSP). Traders here in the Agricultural Produce Marketing Committee (APMC) market at Kalmana heaved a sigh of relief and also welcomed the move of the State Government. Vice President of the Federation of Association of Maharashtra Trade (FAT) Pratap Motwani said that Government’s assurance has cleared clouds of uncertainty over the trade.


“It is a welcome move and it seems that the authorities have understood the ground realities. There are various factors that decide the price. We cannot force anyone to sell the commodities at a particular level,” Motwani said. For the past seven days, the markets were witnessing no trade as traders were shying away from buying commodities. However the trade has resumed and things are becoming normal. Farmers are being able to push off their produce which is a good sign for the trade, Motwani added.


He further said that many commodities including chana, tur and mung are being sold at a price which are less than the MSP fixed by the Government. “It is not feasible for the traders to buy the commodities at the MSP. But the Government had indicated that it would penalise traders buying commodities below the MSP. Provisions of fines and imprisonment were also announced,” he added.


Interestingly, the traders across the State had been avoiding purchase of commodities for about seven days. “The trade had literally came to standstill during these days which has caused huge financial loss to the dealers and farmers as well,” Motwani said. Huge stock of food grain was seen laying in the APMC markets during the period.
It is important to note that the MSP for mung is Rs 6,975 per quintal and the rate at which it is being sold in the markets in the current situation is between Rs 4,500 and Rs 6,000. Similarly, the Government fixed Rs 5,450 per quintal as MSP for tur but its market price is Rs 3,350 to Rs 3,900 per quintal.For chana, the MSP is Rs 4,450 while the market price is less than Rs 4,000.