Indian gov't urges mandatory stock disclosure of lentil
India's federal government Wednesday issued an advisory for mandatory stock disclosure of lentil with immediate effect.
According to the advisory issued by the federal ministry of consumer affairs, food and public distribution, all stakeholders including traders, millers and importers of pulses should mandatorily disclose their lentil stock on an official portal on every Friday.
The objective is to procure available stocks at prices around the Minimum Support Price.
This advisory came at a time when the country's National Agricultural Cooperative Marketing Federation of India and National Cooperative Consumers' Federation had to suspend their tenders to purchase imported lentils due to exorbitantly high bids received from certain suppliers amid hints of cartelization.