Prices of essential commodities begin to ease

Following several measures, Government of India initiated including imposition of stock limit, zero duty on import of pulses and coordinated de-hoarding operations in major producing states viz., Maharashtra, Karnataka, M.P., Rajasthan and Chhattisgarh, the prices of pulses have begun to register a decline.

Nov 23, 2015 11:11 IST India Infoline News Service

The Government continued to closely monitor the availability and prices of essential commodities, especially pulses, edible oil and vegetables.  It may be recalled that as a result of demand and supply mismatch, the prices of tur and urad had shown an increase.  
Following several measures, Government of India initiated including imposition of stock limit, zero duty on import of pulses and coordinated de-hoarding operations in major producing states viz., Maharashtra, Karnataka, M.P., Rajasthan and Chhattisgarh, the prices of pulses have begun to register a decline.  
Over all trends indicate the prices of pulses and onions have declined, and prices of all other commodities have remained stable across the country. 
Prices of tomatoes have increased due to inclement weather in some major producing states viz Andhra Pradesh, Karnataka and Maharashtra.  This is expected to ease with the arrival of the new crop.
Efforts of Government of India is now focused on ensuring that in Maharashtra where as much as 87,000 MT pulses were  seized during dehoarding operations are brought to the retail market.  Maharashtra Government has taken steps for the auction of 13,000 MT tur and urad dal from the traders of BMC area.  Instructions have also been issued to district officers of other districts in Maharashtra where pulses have been seized to complete the process to bring it back to retail market at the earliest.  The process is expected to gain momentum this week.  Meanwhile, with the commencement of arrival of new crop of urad and the expected arrival of tur in the next two weeks, both FCI and NAFED have geared themselves up to undertake procurement of pulses for building a buffer stock. 
Visible decline in the prices of pulses is also a result of release of about 6000 MT seized pulses into the retail market in the states like Karnataka, Rajasthan, Madhya Pradesh and Chhattisgarh.

Related Story