Govt to enhance import limit on Tur Dal

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  1. Government has decided to enhance the import limit on Tur Dal from two lakh metric tonne to four lakh metric tonne for the year 2019 – 20.
  2. The government has also decided to release two lakh metric tonne of Tur Dal available in the buffer stock of pulses to States and Union Territories under the Price Stabilization Fund.
  3. Further,the Centre had also signed an MoU with Mozambique 2016 to improve domestic availability and facilitate price stability of Tur and other pulses.
  4. The Price Stabilization Fund was set up to help regulate the price volatility of important agri-horticultural commodities like onions,potatoes and pulses were also added subsequently.
  5. The fund primarily focuses on supporting farmers during hard times arising due to excessive fall in the domestic price.
  6. The Price Stabilization Fund(PSF) was initially set up under the Department of Agriculture, Cooperation & Farmers Welfare.But it was later transferred to the Department of Consumer Affairs (DOCA) in 2016.
  7. Further,the Government has also informed that the country’s pulses output is estimated to be down at 232 lakh tonne in the 2018-19 crop year (July-June) from 254.2 lakh tonne in the previous year.