Ministry of Agriculture Announces Procurement of 4.5 Million Tonnes of Pulses

17-Mar-2025 08:36 AM

Ministry of Agriculture Announces Procurement of 4.5 Million Tonnes of Pulses
★ Prices of all pulses in mandis are currently below the Minimum Support Price (MSP).
★ Under the PSS (Price Support Scheme), procurement of tur (arhar), chana (gram), urad, masoor (lentil), and moong will be done from Karnataka, Maharashtra, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Tamil Nadu, and some other states.
★ The government has also stated it will procure 100% of the available stock of tur, urad, and masoor.
★ This announcement has been made due to central pool stocks being at multi-year lows. Officially, the procurement target for tur in the current Kharif season is 1.32 million tonnes, out of which 0.15 million tonnes have been procured so far.
★ Procurement targets include 2.16 million tonnes of chana, 0.94 million tonnes of masoor, 90,000 tonnes of Rabi urad, and 13,500 tonnes of moong. A proposal for procurement of 0.4 million tonnes of chana from Rajasthan is still awaited.
★ For reference, in 2017–18, 4.5 million tonnes of pulses were procured under the PSS. However, in 2023–24 it dropped to 0.69 million tonnes, after increasing to 2.83 million in 2022–23 and 3.03 million tonnes in 2021–22.
★ In 2023–24, procurement declined significantly due to market prices being above MSP.
★ Currently, the central pool has 1.45 million tonnes of pulses in stock, while the buffer requirement is 3.5 million tonnes. This includes 0.75 million tonnes of moong and 0.56 million tonnes of masoor.
★ According to I-Grain India, government procurement of pulses may increase due to market prices being below the MSP.

Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.