India’s Buffer Stock of Pulses crosses 10 lakh tons for first time

New Delhi: The meeting of Inter-Ministerial Committee (IMC) on prices and availability of select essential commodities held on February 9 under the chairmanship of Secretary, Department of Consumer Affairs noted that for the first time a buffer stock of 10 lakh metric tons of pulses has been created through domestic procurement and imports. Of this, five lakh tons have been procured during ongoing kharif marketing season.

The government’s procurement intervention has helped farmers get remunerative prices for kharif pulses. IMC directed procuring agencies to continue procurement operations for pulses at MSP plus bonus. Procurement and price support would incentivize farmers to take up cultivation of pulses on larger scale.