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Union Food Processing Industries Minister Harsimrat Kaur Badal Launched Market Intelligence and Early Warning System (MIEWS)

On February 26, 2020 Union Food Processing Industries(FPI) Minister Harsimrat Kaur Badal Launched Market Intelligence & Early Warning (MIEWS) at Delhi. MIEWS portal is a ‘First-of -its-kind’ platform that  monitors the prices of TOP Crops (Tomato,Onion & Potato) & generates alert for timely market intervention under the terms of Operation Greens(OG) scheme for price stabilization during glut situations.Characteristics of  MIEWS portal

i.For 3 months forward a dashboard will indicate price alerts (high&low)& forecasts.

ii.TOP Crops’s prices and arrivals with comparison of previous seasons.

iii.Area, Yield Production,Crop Agronomy & Trade Profile of TOP Crops.

iv.The portal will have a public section which includes Prices and arrivals, Area, yield and production, Crop Agronomy & Trade Profile, & private section which comprise of  regular & special market intelligence reports with price forecasts.

Purpose of MIEWS

i.To Farmers-Provide advisories  to avoid cyclical production & early warning in glut situations.

ii.To Decision Makers-To monitor the supply situation for timely market intervention,to move the produce from surplus regions to deficit regions as per the OG scheme during glut sitatiom & to provide inputs for export/import Decision making.

The alerts  are generated for timely market intervention as per OG scheme

  • when the prices of TOP Crops fall to a 3 year low at the time of harvest.
  • When compared to the previous  period the price fall is more than 50%.
  • When prices fell lesser than the benchmark fixed by the State/ Central government for a specified period.

Key Points

  • MIEWS is an initiative by the Ministry of FPI to leverage IT tools & to facilitate Digital India’s goals.
  • If MIEWS becomes successful it will be implemented in other departments/Ministries  of India.

Gist about OG Scheme
OG scheme was announced in the budget speech of Union Budget 2018-19 on the line of “Operation Flood” with a budget of Rs 500 crore to enhance TOP Crops value chain & promote Farmer Producers Organizations (FPOs), agri-logistics, processing facilities and professional management.

About Ministry of FP Industries:
Union Minister– Harismrat Kaur Badal
State Minister– Rameshwar Teli
Headquarter– New Delhi