Measures taken to control inflation in Pulses
Scrambling to control prices of pulses, the Centre has decided to import 30,000 tonnes more pulses in an attempt to narrow down the gap between demand and supply and lid prices.
The Consumer Affairs department held a meeting in which it was decided that more pulses would be procured for the buffer stock. The government had recently increased the buffer stock limit of pulses to 20 lakh tonnes.
State of Pulses Economy
As per the latest government estimate, pulses production is likely to dip marginally to 16.47 million tonnes during 2015-16 against the previous year’s production of 17.15 million tonnes.
Pulses saw an average price rise of 29.6 per cent during 2015-16. Pulses prices have soared up to Rs. 200 per kg in the retail markets in recent months due to fall of production in last two crop years following back-to-back drought.