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24-Oct2016

Government to release chana from its buffer stock through NCDEX

The government has decided that besides offering Chana (chickpea) to the state governments, its significant quantity should also be released immediately through National Commodity & Derivatives Exchange (NCDEX) in order to cool down prices. The decision was taken at a meeting of Inter-Ministerial committee on prices held under chairmanship of Secretary Department of Consumer Affairs, Hem Pande reviewed prices and availability of pulses.

The meeting also suggested exploring possibility to use Khadi and Village Industries Commission (KVIC) outlets for distribution of pulses besides postal network. The committee was informed that Department of Consumer Affairs is working on modalities with Department of Post to start distribution of pulses through its network at the earliest. The subsidized pulses are already being distributed through Kendriya Bhandar, Safal and NCCF in Delhi and NCR Region, NCCF is also selling the pulses in some other metros also.

The prices of pulses, which had recently crossed Rs 200 per kg, have declined substantially and now are ruling at an average price of Rs 75-120 per kg in major cities of the country. The maximum price is in the range of Rs 120-170 per kg.



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