NAFED procures over 8.76 Lakh MTs of Pulses
The National Agricultural Cooperative Marketing Federation of India (NAFED) has emerged as the leading agency of the Government for undertaking procurement of Pulses and Oilseeds in India. During the financial year ended on March 31, 2017, it has achieved procurement of more than 8.76 Lakh MTs of Pulses.
According to a company release, the procuring agency bought 20,000 tonnes of Gram, 3000 tonnes of Masoor, Moong (1.29 Lakh MTs), Urad (0.59 MTs) and Toor (6.65 Lakh MTs) and more than 2.20 Lakh MTs of Groundnut, Copra and other oilseeds. NAFED benefitted the farming community at large by providing them remunerative price for their produce and helping the country in creating buffer stocks.
NAFED has also started disposal of the buffer stocks. A substantial quantity would be supplied to Para-military forces and Defence Sector and also State Government as per their requirements.
NAFED has undertaken procurement of various commodities to the tune of Rs 5,916 crore approximately in this year and earned tentative profit of Rs. 106 crore before interest.