TIL Desk/Business/New Delhi-Pulse prices have dropped by about 30 per cent in the last one year and rates of chana dal are likely to fall on bumper production, the government said today. A Committee of Secretaries (CoS) on procurement of pulses, chaired by Cabinet Secretary P K Sinha, met today and noted the record purchase of pulses in the kharif season.
The panel reviewed the buffer stock situation and noted that 16.46 lakh tonnes of pulses have been procured so far, of which 8 lakh tonnes is tur bought from farmers at support price of Rs 50.50 per kg during the current kharif season.
“The CoS noted that prices of pulses on an average have fallen by about 30 per cent as compared to a year before. The CoS also noted that the prices of chana are likely to come down with record production of chana during ensuing Rabi season and its arrival in the market,” an official statement said.
The committee said the government will vigorously pursue building up of 20 lakh tonnes of buffer stock of pulses for price stabilisation. The government had decided to create a buffer stock of 20 lakh tonnes of pulses after retail prices crossed Rs 200/kg.
