Market Intelligence and Early Warning Systems to monitor prices of Onion, Tomato and Potato
On February 26, 2020, the Minister of Food Processing Industry launched Market Intelligence and Early Warning System (MIEWS) Web Portal in New Delhi. The MIEWS is first of its kind.
Highlights
The main function of MIEWS is to monitor prices of onion, tomato and potato (TOP crops). It will also generate alerts under the terms of Operations Green Scheme. The portal will also provide information related to prices, yield and production, arrivals, crop agronomy, imports and exports, etc.
Operation Green Scheme
Under Operation Green Scheme, the surplus production from producing areas are taken to consumption centres. In order to achieve this, the scheme provides guidelines under which the surplus production are allowed to be taken to markets. They are as follows
- If the prices of the vegetables are less than the average market prices of preceding 3 years
- If the prices are more than 50% of the previous year market price
- IF the prices are less than the bench mark fixed by the State or Central Government.
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Month: Current Affairs - February, 2020