Govt to buy Tur and Masur dal directly at MSP or higher to stabilize prices

In a bid to address dwindling stocks and stabilize market prices, the Indian government has outlined plans to procure 400,000 tonnes of tur and 200,000 tonnes of masur dal directly from farmers at minimum assured procurement prices (MAPP) or dynamic buffer procurement prices (DBPP), whichever is higher, as reported by Mint.

The Department of Consumer Affairs (DoCA) is aiming to secure 80% of the buffer requirement for tur and masur directly from farmers at the MSP or prevailing market rates. This move comes in response to declining government buffer stocks, attributed to lower production levels of tur and certain other pulses, leading to an upsurge in market prices.