explain the buffer stock as a consequence of price floor

Due to price floor, there will be excess supply of food grains (assuming price floor is being imposed in food grains market). The excess supply will be due to the fact that price has been artificially set higher than the equilibrium price and there will be a portion of produced food grains that won't be demanded at the price so floored. This excess produce will be then procured by the government. In this manner, all the excess food grains are now being absorbed by the government and is used as stock. This is what we mean by buffer stock. 

Follow the link below to refer to this topic in detail. Do watch the related video.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/market-equilibrium/338_1984_5824
 

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Baby,
It is minimum support price and a tool in hands of govt.
If market price is lower than this price than govt. Will purchase the commodity from producer at high price at use it for facing the shortage problem may rise in future.
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