Wednesday 19th, February 2020
canara news

Pulses:Govt to create 40K tons of buffer stock to check prices

Published On : 17 Oct 2015


New Delhi, Oct 16 (PTI) The government today said it will buy 40,000 tonnes of pulses from farmers to create a buffer stock for controlling prices, which have soared up to Rs 190 per kg in the retail markets.

The government will purchase 30,000 tonnes of tur dal and 10,000 tonnes of urad dal from farmers at market rates, Minister of State for Agriculture Sanjeev Kumar Balyan told reporters here today.

In order to give relief to common man, he said the Kendriya Bhandar and Mother Dairy's Safal outlets would sell imported tur at Rs 120-130 per kg in Delhi. Andhra Pradesh and Tamil Nadu have also started selling imported lentils.

Earlier this week, an inter-ministerial group, headed by Finance Minister Arun Jaitley, decided to create a buffer stock of pulses preferably through imports. The Group also decided to use the Price Stabilisation Fund (PSF) to boost supply and check prices.

"We have decided to create a buffer stock of 40,000 tonnes of tur and urad dals. Through Nafed, we will buy 30,000 tonnes of tur and 10,000 tonnes of urad at market rate from farmers," Balyan said, adding the Nafed would start procuring kharif pulses from the next month onwards.

Cooperative Nafed will be given funds from the PSF, managed by the Agriculture Ministry, to buy pulses. The buffer stock will be offloaded to provide relief to consumers from rising prices, the minister said.

On imports, Balyan said the government through state-owned MMTC has imported 5,000 tonnes of tur. It will soon finalise the contracts for importing additional 2,000 tonnes of tur.

The minister said there is shortage of pulses in the global market and prices too have increased.

"The price increase in the domestic market is mainly due to shortage in production owing to poor rainfall. Private traders are taking advantage of this situation," he said.

The prices of pulses have risen unabated for the past few months due to a fall in domestic output by about 2 million tonnes (mt) to 17.20 mt in 2014-15 crop year (July-June) owing to deficient monsoon and unseasonal rains.

Retail prices of tur dal have risen up to Rs 190 per kg in most parts of the country, from Rs 85 per kg a year ago.

Similarly, urad dal prices rose to nearly Rs 190 per kg from Rs 100 per kg in the year-ago period. .







More News

Sensex, Nifty fall 1% as crude oil prices surge
Sensex, Nifty fall 1% as crude oil prices surge
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Fuel prices continue to fall as global crude rates ease
Fuel prices continue to fall as global crude rates ease

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.