System to help keep tabs in real time on vegetables
NEW DELHI: The Center launched a newly designed Market Intelligence and Early Warning System (MIEWS) Wednesday that is a first-of-its-kind platform for real-time monitoring of tomato, onion prices and potatoes (TOP) and generating intervention alerts simultaneously.
The system will forecast the wholesale prices of these three key vegetables for three months and will alert the government to take a timely intervention in case of falling prices due to excess production.
The portal, launched by the Union Minister for food processing industries. Harsimrat Kaur Badal , will disseminate all relevant information related to TOP crops, such as prices and arrivals, area, yield and production, imports and exports, crop calendars and crop agronomy in an easy-to-use visual format.
MIEWS is launched under the Green Operation scheme announced in the 2018-19 Budget, with a disbursement of Rs 500 million, to stabilize the supply of TOP crops and ensure their availability throughout the country throughout the year without volatility of prices. Operation Green is also intended to promote (FPO), processing facilities and professional management.
The system alerts will be activated when the prices of these three perishable products fall to a low level of three years at the time of harvest or when the price fall exceeds 50% compared to the previous year or when the fall in prices Fees are less than the benchmark set by the Center/state government for a specific period.
The portal will show the wholesale prices of these three products from 128 markets, monitored by the private company Agriwatch, and 1,200 mandis data tracked by Agmark. It will show the prices of the producing and consuming centers.
Under the Operation Green scheme, Badal said the government approved a grant of Rs 161 million rupees for the creation of five groups in these three crops in the producing centers. The total cost of these five groups is Rs 425 million and will benefit 15,000 farmers, he added.
Three onion groups will emerge in Maharashtra and Gujarat, one each potato and tomato group will be developed in Gujarat and Andhra Pradesh, respectively. A storage capacity of 90,000 tons and a processing capacity of 3.36 lakh tons will arise in these five groups.