Pulses price start rising again, India calls for strict action against hoarders
Commodity Online | April 21 2016
UPDATED 10:17:08 IST

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As pulses prices in India has started showing uptrend again, the Indian government on Wednesday asked the states to take strict action against the hoarders. The Environment Minister told reporters that government is monitoring the price of pulses and state governments have been told to take strict action against hoarders.

The Times of India writes that that price of pulses like arhar, masoor and chana climbed over 45 per cent within a span of a fortnight. As pulses are the staple food item in the country, the common man will be at the receiving end.

Lentils are still ruling high at Rs 83-177 per kg range in most parts of the country. As per data from consumer affairs ministry, urad is available today at Rs 177 per kg, tur Rs 163, moong Rs 123, masoor Rs 105 and gram Rs 83. In March, urad cost Rs 172, tur Rs 160, moong Rs 122, masoor Rs 98 and gram Rs 74 per kg in most retail markets, the data showed.

Production of pulses in India has been hit by two consecutive droughts. To meet the overwhelming demand for the commodity India was forced to boost the imports from countries like Canada.

The Government agencies in India have procured 50,000 tonnes pulses and 25,000 have been contracted so far during the year for import, according to official data. During 2015-16, 55 lakh MT pulses have also been imported by private traders which are 10 lakh tonne more than the last fiscal year’s import.

The government has requested the States to project their demands for pulses so that timely release from buffer stock can be ensured. In order to encourage pulses production the Government has already increased MSP for pulses, by Rs 275 per qtl for tur and urad, and by Rs 250 per qtl for moong.

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