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Average mandi prices of major food crops ruling below MSP: RBI article

Mumbai, May 22 (PTI) Average mandi prices of major food crops, barring wheat, are ruling below the minimum support price due to bumper harvest of kharif and rabi crops, according to the latest Reserve Bank bulletin. Also, high frequency food price data for May so far (up to May 19) showed a broad-based moderation in [ ]
The article from ThePrint discusses an RBI bulletin highlighting that the average mandi prices for major food crops in India are ruling below the Minimum Support Prices (MSPs). This situation is attributed to an increase in production and arrivals in the market, leading to a decline in prices. The RBI article notes that while MSPs are set to ensure farmers receive a minimum remuneration, the actual market prices often fall short, impacting farmers' incomes. The bulletin also mentions that this price disparity could affect agricultural investment and rural demand, urging for measures to align market prices more closely with MSPs to support the farming community.

Read the Full ThePrint Article at:
[ https://theprint.in/economy/average-mandi-prices-of-major-food-crops-ruling-below-msp-rbi-article/2633940/ ]