Buffer stock of pulses to stabilise prices
The Government has taken a decision to create a buffer stock of 1.5 lakh tonnes of pulses through both domestic procurement and imports to improve domestic availability and stabilise prices. This information was given by the Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan in a written reply in Lok Sabha today.
The Minister said that there have been reports that some private importers did attempt forming cartels and cornering stocks of certain pulses in producer countries with an objective of delaying their arrival in India, thereby increasing its prices. Domestic searches and surveys have been conducted on a number of importers, traders and financiers engaged in pulses trade. A Group of Officers has been set up for regular monitoring and exchange of information on hoarding, cartelization etc. to facilitate coordinated action.
The Minister said that there have been reports that some private importers did attempt forming cartels and cornering stocks of certain pulses in producer countries with an objective of delaying their arrival in India, thereby increasing its prices. Domestic searches and surveys have been conducted on a number of importers, traders and financiers engaged in pulses trade. A Group of Officers has been set up for regular monitoring and exchange of information on hoarding, cartelization etc. to facilitate coordinated action.
