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Finshots Daily

Makhana wants an MSP

Jul 17, 2024
06:51
Snipd AI
Exploring Bihar government's advocacy for a minimum support price for Makhana in the Mithila region, discussing the impact of geographical indication status, profitability for farmers, and challenges like low yield and unorganized markets.
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Podcast summary created with Snipd AI

Quick takeaways

  • Makhana industry faces challenges from low yields and middlemen exploitation.
  • Streamlining the supply chain to connect farmers directly with value-adding companies is proposed for farmer welfare.

Deep dives

The Rising Popularity and Economic Impact of Makhana

Makhana, a humble seed from Bihar's Mithila region, gained a geographical indication tag in 2022, boosting its prices significantly. Its value surged during the pandemic, leading to a thriving industry worth 3,000 crore rupees, expected to double in the next few years. Marketed as a superfood, with various innovative snacks like flavored munchies and makhana pasta, the industry faces challenges due to low yields, unorganized markets, and exploitation of farmers by middlemen.

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