Diabytes
Pulses prices in India News
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The government on Monday said it is keeping a close watch on the prices of pulses which are "more or less stable" in the Rs 83-177/kg range for the last one month in retail markets across the country.
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Fearing rise in dal prices even next year, Food and Consumer Affairs Minister Ram Vilas Paswan on Tuesday asked the Commerce Ministry to direct trading firms such as MMTC and STC to start importing and boost domestic supply.
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The government is examining the need to import more lentils to boost domestic supply even as it keeps a tab on imported pulses lying idle at ports and prices continue to rule at up to Rs 178 per kg.
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Pulses prices continue to rule high due to fall in domestic production by 2 million tonnes in the 2014-15 crop year (July-June) due to 14 percent deficit monsoon.
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Following the sustained de-hoarding operations undertaken, the government said, the wholesale and retail prices of pulses have moderated in the last two weeks.
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Government said that the yawning gap in pulses demand and supply can be attributed to the shortage in global pulses production.
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High pulses prices are expected to continue in the days to come as slow imports are not able to keep up with the demand in the festival season.
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