Govt have to use MSP as a device to incentivise oilseed production: SEA

Govt have to use MSP as a device to incentivise oilseed production: SEA

by admin- Tuesday, June 22nd, 2021 08:00:01 AM

The Solvent Extractors’ Association of India (SEA) has stated the MSP (minimum support rate) as a tool have to be used to incentivise the manufacturing of commodities together with oilseeds, as India has deficient production of these commodities.

Welcoming the declaration of the Centre to increase MSP on some kharif crops, Atul Chaturvedi, President, SEA of India, stated, “MSP as a tool ought to be used to incentivise production of commodities consisting of oilseeds in which the state is deficient, even as disincentivising commodities inclusive of wheat and rice which are burdening our storage gadget.”

He said it’s far equally crucial that MSP is defended by maintaining the nearby charges through better import obligation, in order that the market forces pays the remunerative rate to the farmers for the oilseeds, and the government does not ought to step in for procurement.

Referring to the FSSAI order prohibiting the use of mustard oil in manufacture of multi-supply fit to be eaten vegetable oil (MSEVO) with effect from June eight, he said MSEVO advertising and marketing with mustard oil is meagre and does not pose any threat.
Edible oil imports

The import of fit to be eaten oil at nil duty under SAFTA settlement from Nepal is creating havoc across the usa and the SEA has requested the authorities to path those imports thru public area undertakings along with NAFED and distribute it through public distribution machine.

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