FOOD TECHNOLOGY

Detailed explanation-1: -Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.

Detailed explanation-2: -1) Ensures stability in farm prices. 2) Ensures remunerative prices to farmers. 3) Helps building public stocks of food grains.

Detailed explanation-3: -The government procures food through the Food Corporation of India. It distributes this food through the public distribution system at a price that is lower than the market price. This price is known as the issue price.

Detailed explanation-4: -Issue Price-In order to help the poor strata of the society, the government provides them food grains from the buffer stock at a price much lower than the market price. This subsidized price is known as the Issue Price. Was this answer helpful?

Detailed explanation-5: -Procurement prices were the prices of kharif and rabi cereals at which the grain was to be domestically procured by public agencies (like the FCI) for release through PDS. It was announced soon after harvest began. Normally procurement price was lower than the open market price and higher than the MSP.