Courtesy-Live Mint
To impose stock holding limits on all pulses barring green gram for a period of up to 31st October 2021, the Department of Consumer Affairs issued an order on Friday. For wholesale traders and importers, the limits have been fixed at 200 tonnes while for retailers it is fixed at 5 tonnes. At the last three months of production or 25% of the annual installed capacity, whichever is higher among the two, the stock limit for processors has been set.
As against ₹65 the previous year at this time, the All-India average modal retail price of milled chickpea at ₹75 per kilogram on 2nd July was shown by the DCA’s data. As compared to their corresponding year-ago levels of rupees ₹90 ₹100 105 and ₹77.5 kilograms the retail prices of pigeon pea, black gram, green gram, red lentil dals were similarly at ₹110, ₹110, ₹103.5, and ₹85 per kilogram respectively. Way below the minimum 50% prescribed under the act which was signed into the law on 27th September in none of the pulses did the price increase work out to more than 22 to 23%.
Along with 33% during the first half of June, the country received about 74% above average rainfall in May. With the northern limit of the monsoon not progressing after 19th June, the rains since the first half of the month have been over 13% deficient. For the further advance of the Southwest monsoon during the next five days, no favorable conditions are likely to be developed, as mentioned by the India Meteorological Department on Saturday.