Key Points
The government on Monday said it has constituted a committee to monitor the stock of tur dal held by importers, mills, stockists and traders in order to check hoarding and speculation..
The decision has been taken in view of the reports of market players not releasing stocks despite regular arrival of imports in good quantities, it added...
Earlier on August 12 last year, the government had issued an advisory to the state governments and Union Territories to enforce stock disclosure in respect of tur dal under the Essential Commodities Act, 1955.. Further, in order to facilitate smooth and seamless import, the government has removed the 10 per cent duty applicable for tur imports from non-LDC countries as the duty creates procedural hurdles even for zero duty imports from the Less Developed Countries (LDCs)...
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Govt forms committee to monitor tur dal stocks, prevent hoarding
27, Mar, 23With the formation of the committee, the government aims to deal with hoarders and unscrupulous speculators in the market and keep the prices of Tur under control in the coming months.
Govt to release tur dal from buffer till imported stocks arrive
27, Jun, 23The food ministry in a release said it has directed National Agricultural Cooperative Marketing Federation (NAFED) and National Cooperative Consumers Federation (NCCF) to dispose of tur through online auction among eligible millers to augment the available stocks for milling into finished tur dal for the consumers.
Not many takers for govt drive to procure tur dal at market rates
06, Feb, 24The government's tur dal procurement drive has received a lukewarm response from farmers due to lower prices, stringent quality norms, and formalities. Small farmers sell to private traders while bigger farmers hold the crop, expecting prices to rise further. The government's presence in the market has increased tur dal prices by 15% in the last two months.