Government to buy 40,000 tonnes of pulses to create buffer stock for controlling prices

The government will buy 40,000 tonnes of pulses from farmers in order to create a buffer stock for controlling prices, as per information provided by Minister of State for Agriculture Sanjeev Kumar Balyan. The government will purchase 30,000 tonnes of tur dal and 10,000 tonnes of urad dal from farmers at market rates.

The Centre will sell imported tur at Rs 120-130 per kg at Kendriya Bhandar and Mother Dairy’s Safal outlets in Delhi to give relief to common man. The states of Andhra Pradesh and Tamil Nadu have also started selling imported lentils.

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