Prices of pulses have started to ease as many states continued their enforcement action against hoarding and black-marketing. About 98,000 tons of pulses have been seized so far from hoarders, resulting in price declines across the country.
According to the data supplied by the Consumer Affairs Ministry, tur dal prices dropped by up to Rs. 22 per kg in retail markets while wholesale prices fell by up to Rs. 3,400 per quintal. There has also been a visible decline in prices of urad dal in both retail and wholesale markets across the country.
With all states taking necessary steps to release the seized stock in retail markets, prices are expected to cool further in the coming weeks. States are also continuing with the arrangements to sell pulses at reasonable rates ranging between Rs.120-140/kg through various retail distribution networks.
It is expected that these two steps would have a salutary effect in improving the supply situation as well as in cooling down the prices of pulses both in the retail and wholesale markets.
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