India to release 10,000 tonnes of pulses from buffer stock to curb rising prices

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Rising prices of pulses has forced the Indian government to dip into its buffer stock in its effort to improve supplies and bring prices down.

A government statement said it had decided to release 10,000 tons of tur and urad from the buffer stock and had asked states to utilise available stocks to manage prices.

While asking states to project their demand for timely allocation from the buffer stock, the central governmetn also urged them take action against hoarding

Government agencies had bought about 50,000 tonnes of pulses from the farmers during the 2015-16 kharif marketing season, and imported 25,000 tonnes The government is also initiating procurement of rabi pulses and has targeted to procure around 100,000 tonnes of chana and masur to further build the buffer, the statement said.

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