Tridge summary
India is experiencing a significant increase in the price of Tur dal, a common pulse, due to a production shortfall that has led to heavy imports and market manipulation. In response, the government has imposed stock limits on tur and urad pulses to prevent hoarding and speculation, which has slightly mitigated the price rise. Despite these measures, a supply shortage is expected to persist, keeping prices high. The dal processing industry anticipates this trend to continue for the next few months. The article also highlights issues such as hoarding, unregistered market players, and a drop in production due to unseasonal rain in key growing areas, exacerbating the price situation. Additionally, a call for increasing the minimum support price for farmers to encourage more production has been made by traders and millers, as tur dal is a less preferred crop due to its longer cultivation time.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Tur dal, also called Arhar, is one of the pulses that frequently sees price jumps which ultimately impact other pulses too. Though India is the biggest grower of pulses, it still falls short of tur dal which it has to import in large quantities to fill the demand-supply gap. Hoarding by traders and alleged cartelisation in imports also contribute to price rise. Unprocessed whole tur beans are processed at the dal mills to produce split tur or tur dal. Ex-mill tur dal prices have increased by about 30% since January. Last week, prices of unprocessed whole tur crossed Rs 100/kg. Will stock limits check the price? On June 2, the Central government decided to impose stock limits on tur and urad till October 31 due to a spurt in prices of these pulses. Stock limits on pulses are applicable to wholesalers, retailers, big chain retailers, millers and importers, and are aimed at preventing hoarding and unscrupulous speculation. Prices of tur dal have decreased slightly after the stock ...
Source: Economic times
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