Prices ease after 82,000 tonnes of pulses seized from hoarders
Over 82,000 tonnes of pulses have been seized from hoarders during 8,394 raids carried out by 12 state governments, resulting in a marginal fall in pulses’ prices.business Updated: Oct 27, 2015 19:44 IST
Over 82,000 tonnes of pulses have been seized from hoarders during 8,394 raids carried out by 12 state governments, resulting in a marginal fall in tur and urad dal prices across the country.
The states have indicated that seized stock will be made available in retail markets within a week, which will further help to cool down skyrocketing prices.
Meanwhile, retail prices of tur dal slipped below Rs 210 per kg and was quoted around Rs 190 on Tuesday, while wholesale price of the commodity declined to Rs 181, according to the data maintained by the Consumer Affairs ministry.
Urad prices dropped by up to Rs 8 per kg in both retail and wholesale markets across the country. Retail prices of urad was Rs 190, while it was Rs 180 in the wholesale market.
“Under de-hoarding operations, 8,394 raids have been conducted so far and 82,462.53 tonnes pulses have been seized across the states,” an official statement said on Tuesday.
Due to the seizure of pulses in 12 states, prices have started showing a downward trend, a senior Consumer Affairs ministry official said.
A maximum quantity of 57,455 tonnes of pulses were confiscated from Maharashtra due to which tur dal prices in Mumbai wholesale markets fell to Rs 152 per kg from Rs 200 a week ago, though its impact is yet to percolate into retail markets, the official added.
Similarly in Rajasthan and Karnataka, the wholesale prices are showing a declining sign.
As per the ministry data, 4,932 tonnes of pulses have been seized in Chhattisgarh, 2,370 tonnes in Madhya Pradesh, 3,330 tonnes in Rajasthan and 2,189 tonnes in Haryana so far.
The statement further said that “more states have started selling pulses through government/cooperative outlets. Prices in the wholesale market have also registered declining trends”.