14.66 lakh tonnes of pulses procured towards building the buffer stock
As per the Working Group Report on Foodgrains-Balancing Demand & Supply During 12th FYP of Niti Aayog the projected demand for pulses during 2016-17 is estimated to be around 24.61 million tonnes while the estimated production of pulses is 22.14 million tonnes, thereby implying higher demand than domestic production.
The Government has approved creation of buffer upto 20 lakh tonnes of pulses. As on 08.03.2017, around 14.66 lakh tonnes of pulses have been procured or contracted for imports towards building the buffer. The Government has contracted imports of 4.06 lakh tonnes of pulses towards building the buffer stock. The prices of pulses fluctuates daily as well as over season. While approving the bid for imports, Price Stabilization Fund Management Committee (PSFMC), inter alia, compares offer rate with prevailing domestic rate and bids are generally approved for import when the rate offered are lower than prevailing domestic prices of that pulses.
Government has approved engaging a professional Buffer Stock Management Agency (BSMA) for efficient management of the buffer stock including procurement, storage, maintenance and liquidation of the stock as per Government directives from time to time. The agency for designing and managing the bid process has been selected. Contract for appointment is being finalized.
This information was given by Shri C.R. Chaudhary, the Minister of State for Consumer Affairs, Food and Public Distribution, in written reply to a question in Lok Sabha today.
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