Indian Government Acquisition of 0.6 Million Tonnes of Tur and Lentils

Government Initiatives for Exporters

The Indian government has taken decisive steps to purchase lentils and tur pulses, amounting to 0.6 million tonnes, to support the farming community and maintain a stable supply chain. This procurement is facilitated through the e-Samriddhi portal, ensuring transparency and efficiency.

Procurement Process And Targeted Pulse Acquisition

The Ministry of Cooperation oversees the procurement process, which involves cooperative societies such as NAFED and NCCF. These societies will purchase pulses directly from registered farmers, totaling 0.6 million tonnes, to bolster the buffer stock. Notably, the government has been actively engaged in this procurement since January, emphasising its commitment to agricultural welfare.

To maximize farmers’ benefits, the government focuses on acquiring pulses like pigeon peas and masoor pulses. From the registered farmers, cooperative societies aim to procure 0.4 million tonnes of pigeon peas and 0.2 million tonnes of lentil pulses. This strategic approach ensures a diversified buffer stock to stabilize the market and meet consumer demand on time.

Timely Procurement And Pricing Mechanism

Pigeon pea procurement commenced in January, while lentil procurement was initiated in March. Despite challenges, NAFED and NCCF have already procured 8 thousand tonnes of pigeon peas, with ongoing procurement activities for both pulses. Noteworthy is the early start of government procurement, typically slated for April but advanced to January and March for this Rabi season.

Farmers across India can anticipate equitable pricing based on the minimum assured purchase price or buffer purchase price. The government has established the purchase price for Arhar (Tur) at $0,84 or €0,77 per kilogram for the 2023-24 season, marking a nominal increase per kilogram compared to the previous season. Similarly, lentils are priced at $0,77 or €0,71 per kilogram for the Rabi marketing season 2023-24.

Ensuring Export Competitiveness

Government procurement of lentils not only supports domestic agriculture but also bolsters export activities. By stabilizing prices and ensuring adequate supply, exporters can rely on a consistent source of quality lentils. Thus enhancing their market presence and meeting international demand.

In conclusion, the government’s proactive procurement initiatives highlight its commitment to agricultural sustainability and export competitiveness. Purchasing lentils and tur pulses directly from farmers through transparent channels ensures fair pricing and supply stability. Exporters stand to benefit from this strategic approach, as it fortifies India’s position as a reliable supplier of quality lentils in the global market. With continued support and collaboration, India’s agricultural sector can thrive, driving economic growth and fostering trade relationships worldwide.

Related posts:

In A Bold Move, Tamil Nadu Shuts Down The Bid For Red Lentils In Ration Shops Lentil Shortage in China Spurs Price Surge   Amid 8% Drop in Area, Water Scarcity Threatens Indian Pulses Crops Chinese Small Lentil: Low Trading Volume Chinese Small Lentil: Domestic Lentils Are Seriously Out of Stock Chinese Organic Lentils: Market Downturn Is Difficult to Improve Chinese Small Lentil: Insufficient Inventory Supports Prices Organic small lentil: Lentils produced in 2021 attract attention