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Storage issue may rise on procurement of bumper kharif crop at MSP

Hike in the minimum support price (MSP) of summer-sown, or kharif crops, may lead to a storage problem in some states if there is a bumper harvest and market prices are lower than what state agencies offer, although the government is confident that it will manage the situation.

With higher MSP announced in Cotton and Groundnut, more space will be required as they occupied a lot of area.

Gujarat, Maharashtra and Madhya Pradesh face a shortage of storage space, in procuring close to 63 lakh tonnes Pulses and Oilseeds in last year.

Procuring of Chana in Maharashtra had been a huge challenge this year as the state didn’t have storage space.

Food and public distribution minister said the government would be able to procure foodgrain at the MSP announced by the Centre when there is difference between market and MSP price. Ministry officials said the peak stock holding capacity required was 600 lakh tonne.

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