Besides NAFED, the Small Farmers' Agribusiness Consortium and the Food Corporation of India are also undertaking pulses procurement
Prices of other pulses could fall below the MSP once supplies roll in from the new season crop
Total Kharif Acreage Up By 4 per cent
Better prices encourage farmers to divert to pulses which has increased sowing by 35.45%
Government officials said unless this is done, the government would be saddled with huge unsold inventory
Move comes as states show little interest in lifting pulses allocated to them
In pulses, arhar has been the top gainer with area under the crop around 55 per cent more than the year-ago period
Pulses acreage stood at 121.10 lakh hectares this season against 89.72 lakh hectares last season
Poor international crop resulted in further price rise as it forced importers to buy at higher rates to meet domestic demand
Buffer stock mechanism pursued by the government to tackle skyrocketing prices of pulses does not seem to be working
India imported pulses worth $3.90 billion in 2015-16 as against $2.78 billion in the previous financial year
Opening the week at Rs 14,200, urad dal was less by Rs 500 per quintal from Rs 14,700, ruled steady till Thursday
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India consumes nearly 22 Mt pulses annually, but relies on imports to meet demand as production has been hit by uncertain monsoons
There has been 30-35% jump in pulses area even in Maharashtra and Rajasthan
Late entry and farmers' preference for cash reasons for tardy progress; procurement may carry this over to kharif crop
Ram Vilas Paswan said production of pulses varies in the range of 17-19.5 million tonnes while demand is estimated at 24.61 million tonnes
The CEA-headed panel will look at the gamut of issues surrounding MSP of pulses and also the occasional bonus announced by the government
Acreage rises thanks to good rain, firm prices; water levels in major reservoirs increase 60% in only 8 days