In a bid to stabilize pulse prices, the Government of India engaged agri cooperative- Nafed and consumer cooperative-NCCF for procurement of 10 lakh tonnes of Tur Daal.
Sharing the news through social media, the official twitter handle of the Union Ministry of Cooperation wrote, “The Government aims to stabilize pulse prices by boosting Tur Dal procurement through @nafedindia and @Nccf_India, two key National Cooperative Societies. The increment in the procurement through these two cooperatives will be 8 to 10L tonnes (LMT)”.
“The procurement will take place through the price stabilization fund (PCF) at market price. The initiative will encourage #farmers to get assured market & remunerative prices for their produce”, it further reads.