PRICE SUPPORT OPERATIONS FOR MUSTARD
The Cabinet Committee on Economic Affairs today gave its approval for disposal of surplus mustard in seed form and through processing in mustard oil form in domestic market at prevailing market prices as belOW:
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(i) In whole form (from 1.12.06 to 28.2.07) 10 lakh MT
(ii) Through processing 2 lakh MT
CCEA also gave its approval of Rs.1909.66 crore for meeting losses due to procurement of mustard for paying to banks before 31.03.2007 and additional fund of Rs.289.86 crore for 2007-08.
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The approval not only would enable NAFED to dispose remaining stock and settle the accounts with banks but also the procurement of mustard seed to ensure minimum support price to the farmers.
Posted by NARENDRA SINGH TOMAR
at 6:34 PM
