The central government has directed states to monitor stocks held by different stockholders, claiming that a section of the market is trying to create artificial scarcity.
ET had reported on Wednesday about 15% increase in price of tur and urad in six weeks.
The Department of Consumer Affairs on Friday, issued a directive to all the states to enforce stock disclosure by stockholders of tur under provisions of the Essential Commodities Act, 1955 and also to monitor and verify the stocks.
The states/UTs have also been asked to direct stockholder entities to upload the data of stocks held by them on the online monitoring portal of the Department of Consumer Affairs, on weekly basis.
“There are reports that some sections of stockists and traders are resorting to restricted sales in an attempt to create artificial scarcity to push the price upward. The retail price of tur has been on upward trend from second week of July, 2022 following the slow progress in kharif sowing as compared to last year due to excess rainfalls and water logging conditions in parts of major tur growing states of Karnataka, Maharashtra and Madhya Pradesh,” said the Department in a statement.
The Centre is closely watching the overall availability and prices of pulses in the domestic as well as overseas markets to take necessary preemptive measures in an event of unwarranted price rise in the upcoming high demand festival months.
“On top of the sufficient overall availability of pulses in the domestic market, the government is currently holding about 38 lakh tons of pulses which are being released in the market to further augment the stocks available in the market.”
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