Maharashtra scraps chana stock-holding limits with immediate effect.

The Maharashtra government has scrapped stock-holding limits on chana with immediate effect, thus removing such cap from entire pulses complex now. In June, the state had removed the stock limit on all pulses expect chana. Withdrawal of stock limits on pulses is aimed at boosting procurement by traders and stockists, which would support prices, particularly of tur which continues to sell below the minimum support price.

Maharashtra buys record high of 673,476 tonne tur, pays 33.4 billion.

The Maharashtra government has procured a record high of 673,475.6 tonne tur from Dec 15 to Jun 12, for 34.01 billion rupees. Of the total amount, 33.41 billion rupees have been paid to the farmers. Tur was procured from 354,417 farmers from 323 centres at a minimum support price of 5,050 rupees per 100 kg, including a bonus of 425 rupees. The state government has also proposed to the Centre that the import duty on tur be increased to 25% from 10%, in order to support the prices in the domestic market.