The Union government’s consumer affairs department is planning to procure 500,000 tonnes of masur at market rates, an official aware of the matter said, after failing to procure enough lentils at the minimum support price (MSP).
The agriculture ministry purchases commodities at MSP under the price support scheme (PSS), while the consumer affairs department purchases them at market prices through the price stabilization fund (PSF).
The agriculture ministry has already procured 69,000 tonnes of masur against the season’s target of 334,000 tonnes. With this, central stocks have touched around 70,000 tonnes; plus 800 tonnes under PSF from last year. The strategic buffer requirement for masur is 200,000 tonnes, the official said.
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