The Centre has so far sold around 7 lakh tonne (LT) of pulses from a buffer stock of 20.50 LT. This step has been taken in order to clear the old stock and create space for new crop. The government is disposing of stocks through e-auction to private traders, army and paramilitary forces as well as states besides for central welfare schemes like mid-day meal.
Earlier in October 2015, the government, for the first time had decided to create a buffer stock of pulses through imports and later by domestic procurement. This step had been taken in order to ensure better prices to farmers and to use the stock to augment local supply in times of price rise.
The country is expected to produce a record 23.95 million tonne (MT) in the current 2017-18 crop year (July-June), as against 23.13 MT last year mainly because of good rains and higher support prices.
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