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The Centre on Tuesday said it has started procuring chana (gram) from farmers at a Minimum Support Price (MSP) for maintaining the buffer stock to check prices and meet the demand of those states which want to distribute under their welfare schemes. Speaking to reporters, Consumer Affairs Secretary Nidhi Khare said the agriculture ministry has indicated chana yields are intact and there is "no concern about production as of now." Meanwhile, states have been directed to make sure traders, importers, and millers declare their stock position of pulses effective from April 15 in a bid to check hoarding and contain price rise, she said. The Consumer Affairs Department has called a meeting on Wednesday to discuss with importers, traders, customs, and state officials on the issue of imported pulses lying at customs, she added. The MSP for chana for the 2024-25 rabi marketing season is Rs 5,440 per quintal. "With the increase in the arrival of chana crop, mandi prices have softened and ..
The Centre has approved procurement of 1.39 lakh tonne of Bengal gram (chana) from Karnataka in the 2023-24 rabi season under the Price Support Scheme (PSS), Union Minister Shobha Karandlaje said on Thursday. Besides, the Centre has released the third instalment of Rs 235.14 crore under the Rashtriya Krishi Vikas Yojana (RKVY) to the Karnataka government for the 2023-24 fiscal, the minister said. Karandlaje said the Agriculture Ministry on Thursday approved the "procurement of Bengal Gram (Channa) in Karnataka under the Price Support Scheme (PSS) at MSP of Rs 5,440 per quintal for a maximum quantity of 1,39,740 tonne for Rabi 2023-24 season," an official statement said. Regarding the release of funds under the RKVY scheme to the state, the minister said the third instalment of Rs 235.14 crore will be utilised by the Karnataka government for the implementation of the eight components under the RKVY scheme. The amount approved will be utilised for the improvement of infrastructure in
Markets regulator Sebi on Friday extended the suspension of futures and options trading in seven agricultural commodities, including wheat and moong, for one more year till December 2024 in a bid to rein in prices. The other agricultural commodities suspended by Sebi are paddy (non-basmati), chana, crude palm oil, mustard seeds and their derivatives and soya bean and its derivatives. "The suspension of trading in the above contracts has been extended for one more year beyond December 20, 2023, i.e. till December 20, 2024," Sebi said in a statement. The suspension permits squaring up of existing positions in these commodities, but no fresh futures trading is permitted for a year. To curb inflation, Sebi in December 2021 prohibited exchanges from launching new derivative contracts of soyabean, mustard seeds, chana, wheat, paddy, moong, and crude palm oil. These directions were applicable for one year. In December last year, the suspension was again extended for one more year till ..