HomeTop StoriesCentre asks major retailers to follow declining mandi prices of key pulses

Centre asks major retailers to follow declining mandi prices of key pulses

New Delhi, Oct 8 (IANS) Prices of tur (arhar) and urad pulses in major mandis have declined by almost 10 per cent in the last three months but retail prices have not seen a similar decline yet, the Centre said on Tuesday.

Nidhi Khare, Secretary, Department of Consumer Affairs, told the Retailers Association of India (RAI) and representatives from leading organised retail chains that in respect of chana, decline in mandi prices have been observed in the past one month but retail prices continue to increase.

She pointed out the diverging trends between wholesale mandi prices and retail prices are indicative of increasingly unwarranted margins that retailers are extracting out of the market dynamics.

“The trends are being closely tracked and necessary measures will have to be initiated if the divergences are found to be widening,” she told them in a meeting.

According to the Ministry of Consumer Affairs, the current sowing area for Kharif pulses exceeded last year by over 7 per cent and crop condition is good.

Notably, mandi prices of most pulses are on a declining trend in recent months against improved availability and higher sown area of kharif pulses this year.

In respect of availability, the Secretary informed that Kharif urad and moong have started arriving in the markets while imports of tur and urad from East African countries and Myanmar are arriving steadily to augment the domestic production.

The comfortable domestic availability situation is also evident from the fact that the quantity of pulses stock disclosed by big-chain retailers in the stock disclosure portal of Department of Consumer Affairs has been increasing every week.

Khare pointed out that this year, sowing area for Kharif pulses has exceeded last year by over 7 per cent and crop condition has been good.

In preparation for Rabi sowing, the Department of Agriculture and Farmers Welfare has assigned focus plans to each of the major producing states, with the objective of increasing production and self-sufficiency in pulses.

“The National Agricultural Cooperative Marketing Federation of India (NAFED) and the National Co-operative Consumers’ Federation of India (NCCF) will be involved in farmers registration and seeds distribution among farmers in the upcoming Rabi season, as was done in the Kharif sowing season this year,” said the ministry.

–IANS

na/

Go to Source

Disclaimer

The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

For any legal details or query please visit original source link given with news or click on Go to Source.

Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.

If you are not willing to accept this disclaimer then we recommend reading news post in its original language.

RELATED ARTICLES
- Advertisment -

Most Popular