New Delhi, April 22: As the pulses prices is rising in the last few weeks, Government asked the agencies to release at least 10,000 tonne of pulses mainly Tur and Urad in the open market from their buffer stocks.
Centre has requested State governments to avail this benefit and utilize the available stocks for managing the prices of pulses in their respective State.
Government agencies have made procurement of about 50,000 MT pulses from the farmers during the Kharif Marketing Season, 2015-16 and have contracted 25,000 MT of pulses for import. Government is also initiating procurement of Rabi pulses and has targeted to procure around 1, 00,000 MT of Chana and Masur to build the buffer stocks further.
SEBI has also decided to implement various regulatory measures on Chana contracts which include increase in the margin requirement to discourage speculation and to moderate the price volatility in forward market.
In order to encourage pulses production the Government has already increased MSP for pulses, by Rs.275 per qtl for Tur & Urad, and by Rs.250 per qtl for Moong.