Mumbai: In view of the prices of some pulses in the open market going above the minimum support price, the central government is considering buying pulses from farmers at market price. The government intends to use the price stabilization fund (PSF) for these purchases. It is being claimed that farmers are avoiding selling their produce at support price due to high prices.
Sources in the Ministry of Agriculture said that due to high prices in the market, it has become difficult for government agencies to purchase pulses at support price.
The stock of pulses in government warehouses is decreasing and the possibility of going down from the buffer stock in the coming days cannot be ruled out.
The market price of gram is above the support level of Rs 5,650 per quintal, it is being considered to buy it through PSF.
The PSF was established in the financial year 2015 and is used to maintain pulses and onion buffer stocks and protect the interests of consumers.
A provision of Rs 4020 crore has been made for PSF for the current financial year. In the event of a boom in the prices of pulses such as pigeonpea, moong, urad and gram, this fund is used to stabilize prices.
The standard of buffer stock for gram has been fixed million tonnes, but sources said that the government currently has only 31,000 tonnes of stock.
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