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Buffer stock of pulses crosses 10 lakh metric tonne-mark for first time
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Saturday, 11 February, 2017, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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The recent meeting of inter-ministerial committee (IMC) on prices and availability of select essential commodities, chaired by the secretary, Department of Consumer Affairs, stated that for the first time, a buffer stock of 10 lakh metric tonnes of pulses has been created through domestic procurement and imports.
Of this, half has been procured during the ongoing kharif marketing season. The government procurement intervention has helped farmers get remunerative prices for kharif pulses.
IMC directed procuring agencies to continue procurement operations for pulses at the minimum support price (MSP) plus bonus. Procurement and price support would incentivise farmers to take up the cultivation of pulses on a large scale.
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