India government has created Pulses buffer stock of 1.1 million tonnes so far, of which more than 6 lakh tonnes has been procured during kharif marketing season 2016-17. The government has set buffer stock target of 2 million tonnes during the year.
The procurement agencies will continue buying Pulses to ensure remunerative prices to farmers and the government has asked the procurement agencies such as FCI and NAFED to sell older stockpile.
Pulses production during 2016-17 is estimated at a record high of 22.14 million tonnes owing to higher acreage and increase in productivity of all major Pulses. Last year the country had produced only 16.35 million tonnes of Pulses and imported nearly 6 million tonnes of Pulses last fiscal to meet domestic demand.