The central government on Tuesday announced that it will release pulses Tur from the national buffer stock in a "calibrated and targeted" manner till imported stocks arrive in the domestic market.
The food ministry in a release said it has directed National Agricultural Cooperative Marketing Federation (NAFED) and National Cooperative Consumers Federation (NCCF) to dispose of tur through online auction among eligible millers to augment the available stocks for milling into finished tur dal for the consumers.
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"The quantities being auctioned and the frequency will be calibrated on the basis of the assessed impact of the disposal on the availability of Tur to consumers at affordable prices," stated the press release.
It may be recalled that the Government had, on June 2, 2023, imposed stock limits on tur and urad by invoking the Essential Commodities Act, 1955 in order to prevent hoarding and unscrupulous speculation and also to improve affordability to the consumers.
Under this order, stock limits have been prescribed for tur and urad until October 31, 2023 for all states and Union territories.
Source Name:Economic Times