Pulses price close to Rs 200/kg; govt to up buffer stock


PTI

Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print


Prices of pulses inched close to Rs 200/kg today even as the Centre has decided to increase the buffer stock by over five times to 8 lakh tonnes for retail sale at a highly subsidised rate of Rs 120/kg.

It is yet to be seen however whether procuring more pulses for the buffer stock would help in curbing price rise at a time when not many states have evinced interest in lifting the pulses for retail distribution at a cheaper rate.

As per the data maintained by the Consumer Affairs Ministry, maximum retail price of urad is ruling at Rs 196/kg, tur at Rs 166/kg, Moong at Rs 120/kg, Masoor at Rs 105/kg and gram at Rs 93/kg today.

"In a significant decision, the government has decided to enhance the buffer stock of pulses from 1.5 lakh tonnes to 8 lakh tonnes," the Food Ministry said in a release issued late night yesterday.

The decision, which is in line with the recommendation of an inter-panel set up by the ministry, was taken yesterday in a high-level meeting headed by Finance Minister Arun Jaitley.

The initial target was to create a buffer stock of 1.5 lakh tonnes of pulses this year. So far, 1.15 lakh tonnes has been purchased for this purpose and the same is being offloaded to states for retail distribution at a cheaper rate.

The buffer stock is being created by procuring pulses directly from farmers at market prices using the Price Stabilisation Fund. The stock is being released to states for retail distribution at a subsidised rate of Rs 120 per kg.

Though the Centre is pressing states to take un-milled pulses from the buffer stock at Rs 66/kg and process it and sell in retail markets at Rs 120/kg, but not many states have shown interest.

So far, over 10,000 tonnes has been released to states like Andhra Pradesh, Telangana and Tamil Nadu for retail distribution even as Food Minister Ram Vilas Paswan has been saying that the states too have equal responsibility in controlling prices and should take effective steps.

The buffer stock is being created through domestic procurement as well as through imports in order to address the deficit of 7.6 million tonnes of pulses.

Production of pulses is estimated to have declined to 17.06 million tonnes in 2015-16 crop year (July-June) due to two consecutive years of drought, while the demand for it stands at 23.5 million tonnes.

Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
    
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. Kemmannu.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 kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.




Kallianpur: Students Suffer during rain.
View More

Get Well Through nature, Keep clean ThonseGet Well Through nature, Keep clean Thonse
Obituary:Prof. K.N Kedlaya, Ex- Milagres College, KallianpurObituary:Prof. K.N Kedlaya, Ex- Milagres College, Kallianpur
Watch Eye to Eye by Avila D’souzaWatch Eye to Eye by Avila D’souza
Udupi CIty Municipal Council Election 2018Udupi CIty Municipal Council Election 2018
Veez Konkani Illustrated - Weekly e-MagazineVeez Konkani Illustrated - Weekly e-Magazine
Rozaricho Gaanch Easter 2018Rozaricho Gaanch Easter 2018
Milarchi Lara - Issue April - 2018Milarchi Lara - Issue April - 2018
Delite Caterers and Delite Event ManagementDelite Caterers and Delite Event Management
An appeal to Kemmannu Parishioners, Friends and Well Wishers:

[Comments]

An appeal to Kemmannu Parishioners, Friends and Well Wishers:<P> <Center>[Comments]</P> </Center>
Read online Uzvaad:<font color=red> Read online Uzvaad</font color=red>:
Visit Axis Bank Now open in Kallianpura, SanthekatteVisit Axis Bank Now open in Kallianpura, Santhekatte
For all your travel needs contact Sequeira TouristFor all your travel needs contact Sequeira Tourist
Power Care Services, MoodubellePower Care Services, Moodubelle
Read Online RaknnoRead Online Raknno
Kemmannu Platinum Jubilee Souvenir – Amruth KaanikKemmannu Platinum Jubilee Souvenir – Amruth Kaanik
Udupi TodayUdupi Today
St. Alphonsa of India
Kemmann.com Face Book

Click here for Kemmannu Knn Facebook Link

Mangalorean Fertility Physician in New York

 

Mangalorean Fertility Physician in New York

 

For information, please email nigelepereira.wcmc@gmail.com or contact Megi Zeku at 646-962-7499, prompt 3.

 

 

Contact for all your Travel, Tours and For Rent a Car

Contact Maria Travels  for all your Travel, Tours and For Rent a Car Mob: 9980889512 or 9819444307

Thanksgiving to St. Lawrance

Thanksgiving to St. Lawrance

Sponsored Albums