Wholesale price of Chana, Tur and Urad declined but consumers not benefitted

     Raipur, July 16, 2024: Government of India is concern that the prices of Chana, Tur and Urad in major mandis had declined by up to four per cent in the past one month but the consumers are not benefitted of this as the retails prices have not seen similar decline.

     Prices of Chana, Tur and Urad in major mandis had declined by up to four per cent in the past one month, but retails prices have not seen similar decline, Union Consumer Affairs Department Secretary Nidhi Khare said.

     In a meeting with the Retailers Association of India (RAI) Khare pointed out the diverging trends between wholesale mandi prices and retail prices, which seems to suggest that retailers are deriving higher profit margin.

     Considering the current price scenario and Kharif outlook, Secretary asked retail industry to extend all possible support to the Government in its efforts to keep prices of dals affordable to the consumers.

     Khare informed that stock positions of all stockholding entities, including that of big chain retailers are being closely monitored to ensure that the prescribed limits are not breached.

     Breach of stock limits, unscrupulous speculation and profiteering on the part of market players would invite stern actions from the Government, she added.

     Khare also pointed out that sowing progress for Kharif pulses are robust. The Government has undertaken numerous efforts in facilitating enhanced production of Tur and Urad in major Kharif pulses producing States, including distribution of good quality seeds to farmers through NAFED and NCCF and the Department of Agriculture is in continuous engagement with the State Agriculture Departments to provide all necessary support.

     The Department of Consumer Affairs had organised a meeting with Retailers Association of India (RAI) today at the national capital to discuss the price scenario in respect of pulses and compliance to the stock limits for Tur and Chana prescribed in the Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (First and Second Amendments) Order, 2024 dated 21.06.2024 and 11.07.2024.

     Retail industry participants assured that they would make necessary adjustments in their retail margins and maintain at nominal level to ensure availability of prices at affordable prices to the consumers.

     The meeting was attended by representatives of RAI, D Mart, Tata Stores, Spencer’s, RSPG, V Mart and Reliance Retail among others.