Question

What does remunerative and procurement prices mean? Please help! U get 35 pts for this!

Answer 1

Procurement price of a commodity refers to the price at which govt. ... Purposes of procurement price: · The procurement under Price Support is taken up mainly to ensure remunerative prices to the farmers for their produce which works as an incentive for achieving better production.

Answer 2

Remunerative prices are those prices which are beneficial to someone. ... Procurement price is the price at which the FCI ( Food Corporation of India) procures or buys the food grains from farmers for buffer stocking them and for PDS' ( Public Distribution System) purposes.