Government agencies have made procurement of about 50,000 MT pulses from the farmers during the Kharif Marketing Season, 2015-16 and has contracted 25,000 MT of pulses for import. The Government is also initiating procurement of Rabi pulses and has targeted to procure around 1, 00,000 MT of Chana and Masur to build the buffer stocks further.
SEBI has also decided to implement various regulatory measures on Chana contracts which include increase in the margin requirement to discourage speculation and to moderate the price volatility in forward market.
In order to encourage pulses production the Government has already increased MSP for pulses, by Rs.275 per qtl for Tur & Urad, and by Rs.250 per qtl for Moong.
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