In a significant move to enhance food supply and stabilize prices, Union Minister of Consumer Affairs, Food and Public Distribution & New and Renewable Energy, Mr. Pralhad Joshi, officially launched the retail phase of Bharat Chana Dal Phase – II in Delhi-NCR. The launch event featured the flagging off of mobile vans from prominent organizations, including the National Cooperative Consumers' Federation of India Limited (NCCF), National Agricultural Cooperative Marketing Federation of India Limited (NAFED), and Kendriya Bhandar.

This phase aims to convert three lakh tons of Chana stock from the price stabilization buffer into Chana Dal and Chana Whole for retail sale at a Maximum Retail Price (MRP) of US$ 0.83 (Rs.70) per kg and US$ 0.69 (Rs.58) per kg, respectively. The Bharat brand has been expanded to incorporate Moong and Masur Dals, with prices set at US$ 1.27 (Rs.107) per kg for Bharat Moong Dal, US$ 1.11 (Rs.93) per kg for Bharat Moong Sabut, and US$ 1.06 (Rs.89) per kg for Bharat Masur Dal. The resumption of Bharat Chana Dal during this festive season is aimed at improving consumer supply across Delhi-NCR.

During the launch, Minister Joshi reiterated the government's commitment to providing essential food items at affordable prices. He emphasized that direct interventions, such as retail sales of rice, atta, dals, and onions, have played a crucial role in maintaining price stability. The government's strategy includes consistently raising the Minimum Support Price (MSP) for pulses and implementing a no-ceiling procurement policy for Tur, Urad, and Masur for the 2024-25 season. This initiative seeks to bolster domestic pulse production while ensuring a steady supply for consumers.

Additionally, the government has permitted duty-free imports of pulses until March 31, 2025, which supports domestic production efforts and ensures an adequate supply of essential commodities. In terms of vegetable procurement, the government has secured 4.7 lakh tonnes of onions for the price stabilization buffer, with 1.15 lakh tonnes already disposed of through efficient processes.

To enhance the distribution efficiency of onions, the use of rail transport for disposal has been initiated, ensuring wider availability at reasonable prices across various regions in India. This comprehensive approach aims to create a stable and affordable food environment for consumers, particularly during the festive season.

For further insights into India's initiatives for food security and market trends, visit the Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi. Stay updated with Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.

Join our Trading with CA Abhay Telegram Channel for regular updates on stock market trends, and subscribe to the Finance Saathi Telegram Channel for ongoing market news and insights.

If you're looking to invest in India's growing market, consider opening a Free Demat Account in Choice Broking FinX to start your investment journey today.

The government's proactive measures in the food sector reflect its dedication to ensuring food security and supporting the agricultural economy, which is vital for the nation's growth and stability.