Wholesale price of tur dal drops nearly 3% due to government measures

The government said on Tuesday that the wholesale price of tur dal had fallen nearly 3% over the past year as a result of measures it had taken to boost domestic supply and stabilize rates.

“The government has taken several proactive and preventive measures to increase domestic availability and stabilize prices of essential foodstuffs. It is because of these measures that the price of tur/arhar dal has registered a sharp decline,” a statement said. official.

According to Department of Consumer Affairs (DoCA) data, the average wholesale price of tur dal on February 22, 2022 was Rs 9,255.88 per quintal compared to Rs 9,529.79 per quintal on the same day a year ago, a decrease of 2.87 percent.

Similarly, the average wholesale price of tur dal as of February 21, 2022 was Rs 9,252.17 per quintal against Rs 9,580.17 per quintal on the same day a year ago, registering a decline of 3.42%.

In May 2021, the Center said advisories were issued to States/UTs to monitor prices of essential food items and to ensure disclosure of pulse stocks held by millers, importers and traders under the law. of 1955 on essential products.

The imposition of a stock limit on all pulses except moong was notified on July 2, 2021.

“Subsequently, an amended order was issued on July 19, 2021 imposing stock limits on four pulses, namely, tur, urad, masur, chana for a period up to October 31, 2021,” the statement said.

To improve the availability and stabilize the prices of pulses, the government allowed the import of tur, urad and moong under the “free category” with effect from May 15, 2021 to October 31, 2021 to ensure smooth and transparent imports.

The free import regime for tur and urad has been extended until March 31, 2022.

This policy was accompanied by facilitation measures and close monitoring of its implementation by the departments/organizations concerned.

“Import policy measures have resulted in a substantial increase in imports of tur, urad and moong compared to the corresponding period of the past two years,” he added.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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