Goyal says the government guarantees farmers prices that vary according to pulses.

Union Food and Commerce Minister Piyush Goyal said on Thursday that the guaranteed five-year purchase agreement will encourage farmers to diversify pulses from other crops. This first-of-its-kind initiative was implemented through Nafed and NCCF. He also said that ‘Bharat Dal’ achieved good market share as it gained 25% market share in four months. Speaking at Global Event – Pulses 24 organized by Global Pulse Confederation with Goyali Nafed. said, “Nafed and NCCF are encouraging our farmers to switch from other crops to pulses and are happy and ready to buy pulses and lentils from them. This is done by signing a five-year insurance contract to increase pulse production. They are also assured. of an attractive price.” I believe this is a huge step by the Narendra Modi government to support and encourage the production and consumption of pulses including lentils in India. minimum price Support price (MSP) set by an independent CACP. “The MSP price in India is 50 percent above the actual cost of production (A2+FL), which gives our farmers an acceptable and attractive return on their farming activities. The MSP today is the highest compared to the past: Masuri lentils up to 117 percent, moong up to 90 percent, chana dal up to 75 percent, and tur and urad up to 60 percent more than 10 years ago” In the last ten years, the production of pulses has increased by 60 percent, up to about 27 million tons. The government recently launched Bharat brand wheat flour, rice and dal. “In a very short span of four months, Bharat dal has captured 25 percent of the Indian chana market. Most of the e-commerce sites where it is available are much better than others. This clearly shows that our farmers are producing quality pulses and if they are available at an affordable price to the common man with the support of the government, they will truly become food for the common man,” added Goyal.

The procurement of pulses has increased 18-fold in the last ten years. In 2015, the introduction of buffer stock provided the government with moderate prices and price stability for consumers. “These efforts helped ensure that India was able to contain food inflation when the developed world faced significant inflationary challenges . Our inflation has been one of the lowest in the world,” Goyal said.

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