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LATEST NEWS UPDATES | Karnataka wants Centre to buy more tur for buffer stocks, extend purchase period -Vishwanath Kulkarni

Karnataka wants Centre to buy more tur for buffer stocks, extend purchase period -Vishwanath Kulkarni

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published Published on Apr 1, 2017   modified Modified on Apr 1, 2017
-The Hindu Business Line

Bengaluru: Prices of tur (red gram) continue to rule below the minimum support price (MSP) levels in Karnataka, though procurement of the pulses crop is seen registering a 10-fold increase in the current year over the previous high.

As a result, the State is approaching the Centre to increase procurement by another 1.5 lakh tonnes while extending the purchase period by a month.

“The procurement we have done this year is mind-blowing,” said Karnataka Agriculture Minister Krishna Byre Gowda.

“We have crossed 2 lakh tonnes till March 28 and expect the procurement to exceed 2.4 lakh tonnes by April 8, which is about 10 times higher than the previous high. We are approaching the Centre to procure an additional 1.5 lakh tonnes for the buffer stocks and extend the procurement deadline by a month.”

The previous highest procurement of tur in Karnataka was 25,000 tonnes in 2013-14. Production of pulses in the State, including tur, has risen by a third to 14 lakh tonnes in 2016-17 on higher acreages.

Meanwhile, the Centre has procured 1.68 million tonnes of pulses as of Tuesday, out of the targeted 2 million tonnes for its buffer stock, CR Chaudhary, Minister of State for Food, said in a written reply in the Rajya Sabha on Friday.

Of the total pulses procured, 3.79 lakh tonnes were from imports.

Despite an increase in procurement, prices continue to rule below the MSP of Rs. 5,050 per quintal across many markets in Karnataka on higher arrivals. “Prices are still ruling at Rs. 3,500-4,500 per quintal in various markets,” said Basavaraj Ingin, President of the Karnataka Tur Growers Association in Gulbarga, the major producing region.

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The Hindu Business Line, 31 March, 2017, http://www.thehindubusinessline.com/markets/commodities/karnataka-wants-centre-to-buy-more-tur-for-buffer-stocks-extend-purchase-period/article9610534.ece?home


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