Govt approves moong procurement at MSP in Karnataka, Tamil Nadu.

The government has approved the procurement of moong sown in 2018-19 (Jul-Jun) kharif season at minimum support price of 6,975 rupees per 100 kg from farmers in Karnataka and Tamil Nadu. The state governments have sought approval for procurement of green gram (moong) at minimum support price under the price support scheme. The Centre has approved the procurement of 23,000 tn of moong in Karnataka and around 5,000 tn in Tamil Nadu in this kharif marketing season beginning October when arrivals commence in full swing. Higher arrivals and hopes of a bumper crop this year are expected to further weigh on the prices. The move comes in the wake of high domestic supplies due to a bumper pulses, including moong, output in 2017-18 (Jul-Jun) and hopes of higher crop this year as well.