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STCs May Import Pulses for PDS
VANCOUVER - Dec 15/08 - SNS -- India's state trading companies will be allowed to import pulses and subsidize their resale to state governments for distribution through the public distribution system (PDS).
India's Ministry of Consumer Affairs, Food & Public Distribution says state trading companies (STC) such as National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED), MMTC, PEC Ltd and state trading corporations can sell imported pulses at a subsidy of Rs. 10 per kilogram or Rs. 10000 per metric ton (MT). At an exchange rate of Indian 48 rupees per U.S. dollar this amounts to a subsidy of U.S. $208 MT.
In a statement, the ministry notes, "The price of imported pulses will vary as STC would import the pulses at different time intervals. The STC would sell pulses to state governments at a price discounted by the amount of subsidy. The State Governments will decide the price at which the pulses would be sold to the ration card holders."
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