Trade wants stock limits lifted as prices of most varieties trading below MSP
India produced about 16.5 million tonnes of pulses in 2015-16 crop year (July-June)
Buffer stock of pulses would be used to intervene in the market in case of price rise
Adequate capacity of storage of pulses is available with the Central Warehousing Corporation
In the FY16, Govt imported a record 5.8 mt of pulses after domestic prices more than doubled
Due to shortage of the protein-rich food, India has to fork out about $2.65 bn a year on import
A procurement mechanism needs to be put in place to avert misery for farmers
Interview with Vijay Paul Sharma, chairman of the Commission for Agriculture Costs and Prices
Centre declared MSP of Rs 4,000 per quintal or Rs 40 per kg for chana in the 2016-17 crop
The variety will yield 20 quintals a hectare and mature in around 120 days as against 170-180 days
Pulses prices have risen by around Rs 20-30 per kg in most retail markets across the country in the last one month
Maharashtra will have to wait more for the proposed law to regulate prices of pulses. The Centre has sent back the state's draft Bill, questioning the very need of such a law when the Essential Commodities Act, 1955 already provides stringent provisions to curb hoarding and control prices. The Centre has also questioned why the provision for imprisonment, in case of violation, is lower than the Essential Commodities Act."The Centre has objected to the provision for three-month imprisonment to be extended to up to one year. Under the Essential Commodities Act, 1955, there is provision of imprisonment up to seven years. The Centre has sought clarification and questioned the very need for a special act," said a state government official.Now, either the state Cabinet or the chief minister will have to approve the modification. "The food and civil supplies department, after seeking the opinion of legal experts, will seek approval of the Chief Minister or Cabinet," the official added.In Apri
Sowing acreage is estimated to be higher and crop estimates more optimistic in kharif season, but govt estimates often vary from what market participants claim
Centre to use India Post network of 154,000 outlets to sell chana, tur and urad
Centre is also in the process of floating tenders for inviting agencies to store and manage pulses
The MSP is the rate at which the government buys the grain from farmers
Government is setting up a buffer stock of 20 lakh tonnes of pulses through domestic procurement
Agriculture Minister said India is encouraging higher investment in agriculture both by public and private sectors
A survey conducted by the industry body India Pulses and Grains Association (IPGA) showed huge price difference between the wholesale price and retail prices
Subramanian panel has many good, and a few bad, proposals