Food Corporation of India (FCI) clears almost 3 Lakh Tonnes of Pulses

March 12, 2019

According to a report, the state-run body Food Corporation of India (FCI) has cleared 2.97 lakh tonnes of pulses. The same amount states the corporation had procured in last two years. The stock clearance has been disposed of to the various states of the country as well as the bulk traders, declares the data collected.

In the years 2015-2017 (July-June), the FCI had procured a stock of 2.98 lakh tonnes of the different pulses which was at the minimum support price (MSP). Now the current data says that the corporation has cleared the said stock by 2.97 lakh tonnes. This disposal comprises of arhar (tur), masoor (red lentil), moong (green gram) and urad (black gram) pulses. Electronic auctions were used to cast-off about 2.36 lakh tonnes of these pulses. The rest balance of the stocks was sold to the states.

Presently the FCI has only 800 tonnes of pulses left as buffer and plans to dispose that as well. The Food Corporation is meant to procure and distribute only wheat and rice at the minimum support price. The reason to stock pulses which was procured over the last two years was to make sure that the farmers got the support price for their produce.

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