10 Government Removes 40 Procurement Ceiling To Accelerate Pulse Production In FY24

1. Government Removes 40% Procurement Ceiling To Accelerate Pulse Government Removes 40% Procurement Ceiling To Accelerate Pulse Production In FY24 Production In FY24 Under the Price Support Scheme (PSS) operations of 2023-24, the Indian Government decided to abolish the 40% possession ceilings of pulses like tur, urad, and masoor as an important step to increase domestic production of pulses. As a result, farmers will be able to sell their tur, urad, and masoor pulses at any amount. Benefits Of The Decision Benefits Of The Decision This decision taken by the government will not only motivate the farmers to increase the sowing area of tur, urad, and masoor pulses to their desired value in the upcoming Rabi sowing season, helping to increase the production of these crops, but will also ensure that all pulses get purchased by the government at the Minimum Support Price (MSP) without any ceilings. Government’s Policy On Pulses Government’s Policy On Pulses To curb stockpiling and corrupt practices and enhance consumer affordability, the government imposed stock limits on tur, urad, and masoor on June 2, 2023, under the Essential Commodities Act, 1955. In addition, the government required wholesalers, retailers, big chain retailers, millers, and importers to declare their stock positions of urad, tur, and masoor pulses on the portal of the Department of Consumer Affairs. The respective state governments have been directed by the Department of Consumer Affairs to strictly enforce the changes in their respective states to ensure compliance with the stock limits imposed on tur and urad. While the Central Warehousing Corporation (CWC) and State Warehousing Corporations

2. (SWCs) have been asked by the department to provide details about the tur and urad stock held in their warehouses, states have also been requested to analyze prices and stock positions by verifying with different warehouse operators. If you are a pulses importer wishing to buy pulses in bulk or a pulses exporter willing to export bulk pulses, then Tradologie.com is the right platform for you.Tradologie.com is a Software as a Service platform that facilitates bulk agro-commodities trade across the globe including all varieties of rice. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities such as rice, wheat, pulses, spices and many other commodities at negotiable rates. Sellers on the platform get better access to new global buyers, increasing their overall business orders and profits, as there are no middlemen involved in the trade here The transaction oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.