Nafed Procures 245,827MT Kharif Pulses As On Jan 27

MUMBAI (Commoditiescontrol) - National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED) procured 245,827 metric tonnes of kharif pulses as on January 27.

The agency has sourced around 122,896 metric tonnes of moong, while urad and moong stood at 54,499 metric tonnes and 68,431 metric tonnes respectively.

After facing a crisis last year, the government has stepped up procurement of the commodity amid expectations of bumper crops of most kharif pulses in 2016-17.

Procurement by government agencies has also been accelerated to support prices of the pulses, particularly tur, which fell below the minimum support price set by the government due to higher production.

According the farm ministry's first advance estimate, tur production in 2016-17 is pegged at 4.29 million tonnes, compared with 2.46 million tonnes in 2015-16.



(By Commoditiescontrol Bureau; +91-22-40015533)