India: Mandi prices of pigeon pea and urad dal declined 10% in the past three months, says Centre

Published 2024년 10월 8일

Tridge summary

The Department of Consumer Affairs in India has noted a significant decrease in the prices of tur and urad pulses in major mandis by approximately 10% over the past three months, due to increased availability and higher sown area of kharif pulses. However, retail prices of chana have seen an increase. The diverging trends between wholesale mandi prices and retail prices indicate that retailers are charging unwarranted margins. To monitor this situation, a meeting was held by the Secretary with the Retailers Association of India and major organized retail chains. The government is also taking steps to increase the domestic production of pulses, as India continues to rely heavily on imports to meet its demand for protein-rich diets.

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

Original content

New Delhi [India], October 8 (ANI): Prices of tur and urad in major mandis had declined, on an average, by almost 10 per cent over the past three months, informed Nidhi Khare, Secretary, Department of Consumer Affairs. In the case of chana, the decline in mandi prices has been observed in the past month, but retail prices continue to increase. Khare chaired a meeting with the Retailers Association of India (RAI) and major organized retail chains today and discussed the scenario and trends in prices of major pulses, amidst the festival season when consumption of pulses in snacks making tends to increase. “Mandi prices of most pulses are on a declining trend in recent months against improved availability and higher sown area of kharif pulses this year,” the department said. Further, the Secretary pointed out that the diverging trends between wholesale mandi prices and retail prices are indicative of increasingly unwarranted margins that retailers are extracting out of the market. ...

Source: Theprint