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Pulses to be cheaper before Dussehra, 5 states show interest in buying 1 lakh ton of tur from central buffer stock

Photo:FILE PHOTO 5 states to procure 1 lakh tonnes of tur from buffer to check pulse pricesnew Delhi. The central government said on Tuesday that…

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Photo:FILE PHOTO 5 states to procure 1 lakh tonnes of tur from buffer to check pulse prices

new Delhi. The central government said on Tuesday that to curb the rising prices of pulses, five states including Bihar have shown interest in purchasing a total of one lakh tonnes of tur dal from its buffer stock to retail at a discounted rate. In addition to this, the central government said in a statement that the government has also decided to release 40,000 tonnes of tur in small lots from buffer stock for open market sale (OMS), so that pulses reach the retail market at a faster pace. And help prevent rising prices.

Under a new system introduced in September, pulses are being offered to states from buffer stock at the minimum support price (MSP) in wholesale as well as retail packs. The Ministry of Consumer Affairs said that despite the time for harvesting the kharif crop of arhar and urad, the retail prices of pulses have increased in the last fortnight.

The statement said that the retail prices of these pulses have not only remained higher than in the previous year, but have also gone up in the recent past. On Monday, the all-India average retail prices of arhar and urad showed an increase of 23.71 per cent and 39.10 per cent respectively as compared to the previous year. Many consumption centers of these pulses have recorded growth of over 20 percent during the last 15 days.

The Ministry said that till date Andhra Pradesh, Kerala, Maharashtra, Bihar and Tamil Nadu have introduced the requirement of about one lakh tonnes of tur dal. More states are expected to come forward in the near future. The Central Government has been creating buffer stocks of pulses and onions from the year 2015-16 under the Price Stabilization Fund (PSF), with a view to bring about price stability. The government aims to create a buffer stock of 20 lakh tonnes of pulses for the current year.

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