Niti Aayog CEO Amitabh Kant on Thursday said that the futures market can be beneficial for farmers and can help them get higher price realizations, and also hedge against price volatility since prices of major pulses often crash below the government fixed minimum support price (MSP). Just as millers, wholesalers, and retailers can play the markets, farmers should be given similar options. Policy advocacy for strengthening pulses value chains like many other agricultural commodities cannot be limited to boosting productivity and production alone. The focus should be on strengthening market access for farmers in terms of higher price realisations and improved risk mitigation.
Source- Financial Express