FCI sells nearly whole Pulses inventory of two.Ninety eight lakh tonne

FCI sells nearly whole Pulses inventory of two.Ninety eight lakh tonne

by admin- Tuesday, March 12th, 2019 07:16:55 PM

State-run Food Corporation of India (FCI) has disposed of two.97 lakh tonne of pulses, nearly the whole stock it procured in closing two years, to various states and to bulk purchasers, consistent with an reliable records.

FCI had a stock of 2.Ninety eight lakh tonne of pulses procured on the minimum guide price (MSP) throughout 2015-16 and 2016-17 marketing years (July-June).

As in keeping with the latest facts, the business enterprise has cleared 2.97 lakh tonne of pulses comprising ‘tur’, ‘masoor’, ‘moong’ and ‘urad’ till February 2019.

Of this, 2.36 lakh tonne was sold via electronic auction mode to bulk users, while the relaxation thru states.

Less than 800 tonne is left with FCI, in an effort to additionally be disposed of, the statistics brought.

FCI is the primary nodal organisation that undertakes especially the procurement and distribution of wheat and rice at the MSP. It began purchasing pulses in the last years to ensure farmers get the aid price.-PTI

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