Center took strict steps to stop hoarding of pulses. latest news of india


The Center on Monday took drastic measures to control pulses prices, extending the anti-hoarding measure known as stock limit on traders from October 31 to December 3 amid high prices of the food item. A notification was issued on Monday. Consumer Affairs Ministry said.

In June, to ease the supply of pulses amid high inflation, the Center had imposed limits on the quantity of two widely consumed types of pulses – arhar (turf) and urad (black gram) (Representational photo) )

Analysts say a weak monsoon this year due to the El Nino weather pattern has reduced the sowing area of ​​various types of widely consumed pulses, considered essential commodities, which is likely to push up prices. India is dependent on imports to meet the total domestic demand of lentils.

In June, to ease the supply of pulses amid high inflation, the Center had imposed limits on the quantity of two widely consumed types of pulses – arhar (turf) and urad (black gram) – that could be sold to traders. were allowed to be stored, a measure known as stock-holding limits.

Stock limits imposed under the Essential Commodities Act ensure that traders and wholesalers cannot stock more than the prescribed quantity of a commodity, thereby reducing the scope for hoarding to drive up prices.

According to the notification issued on Monday, the stock limit with wholesalers and large chain retailers has been reduced to 50 tonnes from the earlier 200 tonnes. The notification said the stock quantity for large mills will be reduced from 25% of the last three months’ total production or annual capacity, whichever is higher, to 10% of the last one month’s production or annual capacity, whichever is higher. Has been done.

The new measures also state that importers are not allowed to hold imported stocks for more than 30 days from the date of customs clearance.

However, the area under summer rice, the main summer crop, has increased to a record 41 million hectares, but pulses, which are grown mostly in rain-dependent agricultural areas, remain a pressure point, and sowing is less than last year. Lagging behind the level. Pulses production is set to decline this year, as the total area under pulses has declined by about 4% to 1.2 million hectares.

India currently depends on imports of about 2.49 million tonnes of pulses annually to meet domestic demand. Certainly, higher local production over the past seven years has reduced India’s dependence on imports, which stood at a high of 5.8 million tonnes in 2015-16. India buys pulses from many countries that grow pulses, from Myanmar to Mozambique.

The new steps have been taken to prevent hoarding and ensure continuous release of tur and urad dal in adequate quantity in the market and to make tur dal and urad dal available at affordable prices to consumers, a statement said.

In May 2021, the Center allowed duty-free import of three pulses – tur, urad and moong – to bring down prices of pulses. Import policy measures resulted in a substantial increase in imports of pulses, which increased supplies and reduced prices.

Leave a Comment

“The Untold Story: Yung Miami’s Response to Jimmy Butler’s Advances During an NBA Playoff Game” “Unveiling the Secrets: 15 Astonishing Facts About the PGA Championship”