India: Prices of chana, tur, urad decline by up to 4 pc in major mandis, retail prices do not witness similar decline

Published 2024년 7월 16일

Tridge summary

The Department of Consumer Affairs in New Delhi met with the Retailers Association of India (RAI) to discuss pulse prices and stock limit compliance. Secretary Nidhi Khare urged retailers to help keep pulse prices affordable. The meeting covered stock limits for tur and chana following recent amendments, with the government monitoring stocks and boosting production. Retailers agreed to adjust margins to maintain affordability, and major retail chains were represented.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New Delhi [India], July 16 (ANI): Department of Consumer Affairs organised a meeting with Retailers Association of India (RAI) here today to discuss the price scenario in respect of pulses and compliance of some stock limits with Secretary Nidhi Khare asking the retail industry to extend all possible support to the government in its efforts to keep prices affordable to the consumers. An official release said that breach of stock limits, unscrupulous speculation and profiteering on the part of market players would invite stern actions from the government. The meeting was held to discuss the price scenario in respect of pulses and compliance to the stock limits for tur and chana prescribed in the Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (First and Second Amendments) Order, 2024 issued on June 21 and July 7. RAI has over 2300 members and over six lakh outlets in the country. The Secretary noted that sowing progress for kharif ...

Source: Theprint