Govt agencies procure Pulses under PSS at Rs 15,000 cr
Commodity Online | December 18 2018
UPDATED 12:00:04 IST

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For procurement of Pulses under the price support scheme (PSS) government agencies have spent more than Rs 15,034 crore so far in 2018-19, and this is 43 per cent more than what they spent in the previous year.

As per provisional data provided by the Government, India has so far imported 1.31 million tonnes (mt) of Pulses this fiscal and exported 0.2 mt. The imports of Pulses last year was 5.61mt.

Prices of Pulses, barring Gram, have been ruling below minimum support price announced by the Government in July. The worst-hit have been Arhar and Moong, with average wholesale prices in November 21 and 19 per cent lower than MSP, respectively.

Government has been importing heavily in the last three years. In 2015-16, when total Pulses production plummeted to 16.35 mt, the imports of Pulses stood at 5.8 mt, whereas in 2016-17 and 2017-18, the years of bountiful output, imports were 6.61 mt and 5.61 mt. respectively.

 

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