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Government to import pulses to control price rise

  • Agriculture Minister Radha Mohan Singh announced at a press conference that the government is planning to import pulses through state-owned trading agencies in order to boost domestic supplies and control rising prices.
  • The retail prices of pulses including tur,urad,moong have risen up to 64 per cent,crossing Rs 100/kg mark as against 72-97/kg in a year-ago.
  • The minister didnt give any detail regarding the stocks but admitted that the country is not self-sufficient in pulses and to meet shortages depends on import.
  • The country’s pulses production dropped by 2 million tonnes whereas the imports rose by 1.1 million tonnes in 2014-2015 crop year(July-June).
  • The minister claims that several steps have been taken to boost the production under the existing scheme and cooperative firm NAFED and Small Farmers’ Agriculture Business Consortium (SFAC) have been authorized to procure pulses under the Price Stabilization Fund.
  • Around 18-19 million tones of pulses are annually produced in country but has to import 3-4 million tones to meet the domestic demand.The imports mainly involves private trade

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PC: blogs.economictimes.indiatimes.com

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