Buffer Stocks Increased to 2 Million Ton, Pulses Prices May Decrease in Next 2 Months


Posted July 14, 2016 by moneymaker

Food Minister Ram Vilas rising prices of pulses, the government today for the long-term policy making pulses. In the next 2 months will see a reduction in the prices of pulses.

 
Food Minister Ram Vilas rising prices of pulses, the government today for the long-term policy making pulses. In the next 2 months will see a reduction in the prices of pulses. Pulses are imported from abroad, the government deals. Besides, the government has increased the buffer stock of pulses Union.

Pulses extended buffer
Central buffer stock of 20 lakh tonnes of pulses has been increased to 8 million tonnes previously. Food Minister Ram Vilas Paswan said the government was taking all steps to control the prices of pulses is. Central buffer stock of pulses at low cost is allocated to the states who may have sold at the maximum of 120 per kg.

Pulses from abroad long term purchasing agreement
Ram Vilas Paswan said the government to import pulses from abroad is a long-term purchase agreement. Mozambique to import pulses has to be patched. Mozambique will import 1 million tonnes of pulses in the first year. 1:25 to 1:50 million tonnes for the second year and third year will import 2 million tons of pulses. The Food Minister said that India is the largest consumer of gram and tur dal, while overseas production of these pulses is very low. In addition to the states to deal with the rising prices of pulses have to ensure that states are not hoarding of pulses....

Pulse output will grow this year
The government is projected to grow pulses production in the current crop year. Good monsoon this year, production of pulses in the country of 2 million tonnes of pulses while production was 17 million tonnes last year. 2.3-2.4 million tonnes of pulses are consumed annually in the country.

Pulses and sugar were expensive
In June, retail inflation rose to 5.77 per cent. This is on top of the last 22 months. Retail inflation was 5.76 percent in May. Retail inflation in June, 26.5% of pulses and sugar has risen 17%. In June and did not control the prices of vegetables turned expensive by 14.47 percent. In June, food inflation was 7.79 percent, which was 7.47 percent in May.
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Categories Agriculture , Finance , Food
Tags decrease in pulse price , increase in buffer stocks , pulses extended buffer , pulses import
Last Updated July 14, 2016