News

India: Traders' pulse stock being monitored by the government

Dried Pigeon Pea
Other Pea & Pulse
India
Published Nov 18, 2022

Tridge summary

The strict monitoring of stock started after the mill gate price of tur dal jumped 6-7% a couple of weeks ago due to disturbance in shipments from Africa. The prices have since softened by Rs 5-6 a kg to Rs 104, after the Indian government resolved the shipments issue with Mozambique.

Original content

The government is keeping a watch on the stocks of pulses held by traders and processors, as current supplies are just enough to meet demand. In a letter dated November 7, the consumer affairs ministry asked all states to ensure that traders, millers, importers and stockists disclose their stock holding. States were also asked to keep a close watch on the disclosed stocks and prices. The central governments direction comes even as tour output during the harvest season starting December is expected to be lower than the previous season. Following the Centre's letter, the government in Maharashtra, which is a large center of production, processing, trade and import of tur, convened an online meeting of all the stakeholders of the value chain on Wednesday. A letter addressed to the stakeholders said: The central government has brought it to the notice of the Maharashtra government that tur dal is being illegally hoarded in the state on a large scale. The central government wants ...
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