The Government is taking decisive steps to ensure the availability of Tur in the Indian market and maintain its affordability for consumers. By releasing Tur from the national buffer through online auctions, the authorities are proactively managing stocks until imported supplies arrive. This measure, directed by the Department of Consumer Affairs, is aimed at bolstering the available stocks for milling into Tur Dal, benefiting consumers across the country. Let’s explore the overview of this strategic plan and its impact on the agricultural community and consumers alike.
Overview
The Indian government’s decision to release Tur from the national buffer in a controlled manner through online auctions. This move aims to ensure the availability of Tur Dal for consumers until imported stocks arrive in the market, while also curbing hoarding and maintaining affordable prices. The implementation of stock limits and strict monitoring of stock disclosure on the portal is emphasized to prevent violations and maintain transparency in the process.
Key points
- Calibrated Release of Tur:The Government has decided to release Tur from the national buffer in a methodical and targeted manner. This approach aims to effectively manage the available stocks until imported supplies arrive in the Indian market.
- Online Auction for Millers:To augment the stocks available for milling into Tur Dal, the National Agricultural Cooperative Marketing Federation (NAFED) and National Cooperative Consumers Federation (NCCF) have been directed to dispose of Tur through online auctions. Eligible millers will participate in these auctions, contributing to the steady availability of Tur Dal for consumers.
- Impact-based Quantities and Frequency:The quantities being auctioned and the frequency of these auctions will be carefully calibrated, considering their potential impact on the availability of Tur at affordable prices for consumers.
- Essential Commodities Act Implementation: On 2nd June 2023, the Government took decisive action against hoarding and unscrupulous speculation by invoking the Essential Commodities Act of 1955. In line with this measure, stock limits were enforced on Tur and Urad for all states and Union Territories until 31st October 2023. This step aimed to ensure market stability and prevent any unfair practices related to these essential commodities.
- Prescribed Stock Limits: The stock limits applicable to various entities involved in the trade of Tur and Urad are as follows:
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- Wholesalers: 200 MT
- Retailers: 5 MT
- Retail outlets (each): 5 MT
- Big chain retailers (depot): 200 MT
- Millers: Millers are required to maintain stock limits equivalent to either the last three months of production or 25% of their annual installed capacity, whichever amount is higher.
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- Mandatory Stock Declaration: All entities falling under the purview of the stock limits order are required to declare their stock positions on the Department’s designated portal.
- Robust Monitoring Mechanism: The Department of Consumer Affairs and State Governments are actively monitoring the implementation of the stock limit order and the stock disclosure status on the portal. This includes cross-checking data from Central Warehousing Corporation (CWC), State Warehousing Corporations (SWCs), and stocks pledged with banks.
- Strict Action against Violators: The State Governments are diligently monitoring prices within their respective territories and verifying the stock positions of entities involved in stock-holding. Strict action will be taken against those found in violation of the stock limits order.
conclusion
These proactive measures by the Government are aimed at ensuring a steady supply of Tur in the market and safeguarding consumers’ interests. Farmers play a crucial role in meeting the demand for essential commodities like Tur, and the Government’s efforts will continue to support the agricultural community in contributing to the nation’s well-being.
