Commodity News- Karnataka offers Rs 425 per quintal bonus over MSP for Tur growers
Karnataka is offering a bonus of Rs 425 per quintal for tur (redgram) growers, over and above the minimum support price (MSP) of Rs 5,675 for the pulses crop. The total payout for tur growers will be Rs 6,100 a quintal for the 2018-19 season. Farmers have been asked to register their details for the tur procurement, which would commence soon. A maximum quantity of 10 quintals will be procured from each farmer, according to a notification.
According to the Karnataka Agriculture Department, tur has been planted on about 15.29 lakh hectares in the State and the total production is expected to be around 10.19 lakh tonnes.
At present, the market arrivals of the new crop have begun in the north eastern districts of Yadgir and Kalburgi among others. Unseasonal rains recently had hit the harvest and standing crop in Kalburgi district.
Tur prices are hovering around Rs 4,500, much below the MSP levels in the State.
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