In order to control fluctuation in pulses price, the Cabinet Committee on Economic Affairs (CCEA) has decided to raise the buffer stock limit.
“The CCEA has decided to raise buffer stock of pulses to 20 lakh tonne from eight lakh tonne,” according to reports.
“Buffer stock of pulses will be built through domestic procurement and import of 10 lakh tonne each,” the reports added.
Union Food Minister Ram Vilas Paswan had recently said that prices of pulses in retail markets across India have fallen but the government will not lift stock limits on traders as it wants to see if the downward trend is a permanent tend.
Meanwhile, in July this year, the government has set up a panel to frame a long-term policy on pulses to relook at various options, including the minimum support prices (MSP) and bonus, to promote pulses cultivation.