Agriculture

Govt to create buffer stock for Pulses to meet short supply

To meet the short supply of Pulses the government has decided to set up buffer stock of Pulses
Govt to create buffer stock for Pulses to meet short supply

To meet the short supply of Pulses, the government has decided to set up buffer stock of Pulses.

Procurement of Tur and Urad for the buffer stock in the current Kharif marketing season by National Agriculture Cooperative Marketing Federation of India (NAFED), Small Farmers Agri-Business Consortium (SFAC) and Food Corporation of India (FCI) at prevailing market prices is being done with assistance from Price Stabilisation Fund (PSF).

NAFED and SFAC have been directed to procure 30,000 MT of Tur and 10,000 MT of Urad at an estimated cost of Rs 350 crore, while Rs 50 crore have been released to FCI for undertaking the procurement. The procured stocks will first be allocated to States based on their demand. In case States do not lift either full or a part of the procured pulses, these pulses will be offered by Department of Consumer Affairs (DoCA) to agencies like Kendriya Bhandar, Mother Dairy for sale through their outlets. Alternatively, these pulses may be sold in open market on National Commodity and Derivatives Exchange (NCDEX) or any other electronic platform in a transparent manner. The procured pulses will be disposed off within one year of end of procurement period to consumers

As a price stabilisation measure to control rising prices of pulses in 2015, it was decided to import pulses through Metals and Minerals Trading Corporation of India (MMTC) with assistance from the PSF. MMTC floated a tender for import of 5000 MT of Tur dal and received 4927 MT of Tur dal @ 1078 US$ per Metric Tonne (MT) and at a total cost of Rs.38.43 crore. The landed cost for the imported Tur dal worked out to Rs.77/kg. which was offered to the States at approximately Rs.69/kg.

The Union Government took a number of steps to meet the short supply of pulses including extension of “Zero import duty” on all pulses (except gram and lentils) without an end date. In case of gram and lentils "zero import duty" has been extended only upto 31st December, 2015.

This information was given by the Minister of State for Agriculture & Farmers Welfare Mohanbhai Kalyanjibhai Kundaria in Lok Sabha.  

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