Pulses production in India News
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To help tame spiralling pulse prices that have hit Rs 200 per kg, traders have signed contracts to import about 3 million tonnes of lentils so far this year worth about USD 2 billion as domestic demand spikes.
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Worried about a further spike in prices of pulses in coming months, the Centre today asked state governments not to levy local taxes like VAT and mandi fees on dals, besides taking stern action against hoarders to boost supply and bring down rates.
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Expressing concern over rise in prices of pulses, traders' body CAIT today said the government should impose stock limit on first importers and allow only domestic process houses to import foodgrain and pulses.
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Indian government is planning to create a buffer stock of 3.5 lakh tonnes of pulses during the current 2015-16 crop year through domestic purchase or imports to check high pulses prices.
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Total area sown to gram is down by 21 percent at 79.65 lakh hectares, while that of wheat crop is lagging behind marginally at 293.16 lakh hectares so far in the ongoing rabi season, according to latest government data.
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