Centre asks states to take action against hoarding by directing all importers to contain rising prices of pulses

18 May 2021

In a bid to contain rising prices of pulses, the Centre has asked state governments to take action against hoarding by directing all importers, traders, millers and stockholders to disclose the quantum of stock they hold. The Centre also said that unrestricted import of tur, urad and moong allowed till October of this year will enable ‘seamless and timely’ shipment of these commodities. As per official data, retail price of gram increased to Rs 80/kg on Friday from Rs 60/kg a year ago, tur rose to Rs 110/kg from Rs 90/kg, while urad to Rs 105/kg from Rs 100/kg and masoor dal to Rs 80/kg from Rs 72.50/kg.

Consumer Affairs Secretary Leena Nandan, who reviewed the availability of pulses and the price situation in the country, also asked state governments to monitor the prices of pulses on a weekly basis. The government said ‘Participants in the meeting observed that sudden spurt in prices of pulses may be due to hoarding of pulses by the stockholders’. To check hoarding of pulses, the secretary asked state governments to direct all importers, traders, millers and stockholders to declare the stock of pulses as per the provisions under the Essential Commodities (EC) Act.

The secretary also reminded state governments that the Centre on May 14 had written to all states requesting them to use the powers under the EC Act in this regard. States were also requested to monitor prices of pulses on a weekly basis. Not only pulses, but states were also asked to monitor other 21 essential commodities, especially pulses, oilseeds, vegetables and milk, and to look for early signs of any unusual price rise so that timely interventions can be made to ensure that these food items are provided at affordable prices to consumers.