India Starts Selling Buffer Stocks

NEW DELHI - Oct 4/17 - SNS -- The Indian government has started selling some of the 1.8 million metric ton (MT) buffer stock of pulses it accumulated during the previous fiscal year.

It will sell 550,000 MT. Of the total, 350,000 MT will be sold to state governments in Karnataka, Gujarat, Tamil Nadu, Andhra Pradesh and Telangana. The balance will go to central welfare schemes such as the midday meal program.

Another 200,000 MT has already been sold via auction to the private sector, with the government planning to auction another 200,000 MT.