Pulses Prices: Amid rising prices of pulses, government takes action against hoarding, imposes stock limit

The central government has taken a tough stand against hoarders amid rising prices of pulses in the country. The government has issued an order imposing stock limits on tur and chana dal. This is expected to curb hoarding of pulses.

This is why the government took action

The Ministry of Consumer Affairs, Food and Public Distribution gave this information in an official statement issued on Friday. According to the statement, stock limits have been imposed on pulses for wholesalers, retailers, large chain retailers, mill owners and importers. The ministry says that this action is to prevent hoarding and dishonest speculation and to improve the availability of tur (tur) and chana dal to consumers at an affordable rate.

The government has fixed this much limit

According to the order, a stock limit of 200 metric tonnes has been fixed for wholesalers, 5 metric tonnes for retailers, 5 metric tonnes at each retail shop and 200 metric tonnes at the depot for large chain retailers. Similarly, the stock limit for mill owners will be applicable for the last 3 months of production or 25 per cent of the annual installed capacity, whichever is higher.

The order will be applicable till September 30

This stock limit for pulses has come into effect from June 21. The government has fixed this stock limit for various pulses till September 30, 2024. This order is applicable on Arhar (Tur) dal, Chana dal and Kabuli chana. Importers have been told that they cannot keep the imported stock with them for more than 45 days from the date of customs clearance.

Stock information will have to be given on the portal

The government has asked all the concerned traders, mill operators and importers to ensure compliance with the new order. For this, all the concerned parties will give stock information on the portal of the Department of Consumer Affairs (https://fcainfoweb.nic.in/psp). If they have more goods than the prescribed limit of stock, then they will have to bring the stock within the new prescribed limit by July 12, 2024.

Efforts to control prices

The government has already taken several steps to control the prices of pulses. The government had reduced the import duty on Desi gram by 66 percent from May 4, 2024 to increase domestic production. The government says that reducing the duty has facilitated imports. On the other hand, there are good signs due to increase in sowing of gram in major producing countries. According to the report, the production of gram in Australia is expected to increase from 5 lakh tonnes last year to 11 lakh tonnes in 2024-25. It will be available from the month of October. At the same time, the import of tur is expected to start from the month of August from East African countries.

Pulses prices expected to come down

With farmers getting good prices at the domestic level and the expectation of good monsoon, there is a possibility of a significant increase in the sowing of Kharif pulses like tur and urad this season. Due to this, the government feels that it can help in reducing the prices of Kharif pulses like tur and urad in the coming months. With the start of supply from Australia, the prices of gram dal are also expected to soften.

Also read: Common people felt a new shock of inflation, CNG became expensive in these cities including Delhi

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