Rising prices of pulses: Govt likely to make stock declaration mandatory
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Department of Consumer Affairs plans mandatory stock declarations for pulse traders to control rising prices.
- ✓Consumer Affairs Secretary Nidhi Khare said, "We are keeping a close watch on price movement as, despite sufficient stocks and robust supplies, tpparently some cartelisation happening which is driving up prices."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Financial Express
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The Department of Consumer Affairs plans mandatory stock declarations for pulse traders to control rising prices amid adequate supplies and imports, tackling cartelisation and price spikes in key pulse variants.
To curb the spike in prices of key variants - chana, tur, urad and lentil - the department has called a meeting of states on Thursday to assess the situation.
"We are keeping a close watch on price movement as, despite sufficient stocks and robust supplies, there is apparently some cartelisation happening which is driving up prices," Consumer Affairs Secretary Nidhi Khare told FE.
This comes after DoCA gave its nod to Tamil Nadu's proposal to impose stocking holding limits on key pulse variants - tur and urad - in view of the substantial increase in retail prices in the state compared to the all-India average.
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