Price of Tur & Urad declined in major Mandis

In a recent meeting led by Nidhi Khare, Secretary of the Department of Consumer Affairs, it was highlighted that prices of Tur and Urad in major mandis have dropped by over 10% in the last three months due to improved availability, but retail prices haven’t followed. The gap between wholesale and retail prices raises concerns about unjustified profits by retailers.

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Nidhi Khare, Secretary, Department of Consumer Affairs, presided over a meeting with the Retailers Association of India (RAI) and major organised retail chains to discuss the current price scenario and trends in major pulses.

The gathering is timely and significant, especially given the holiday season. In recent months, mandi prices for most pulses have been falling in response to greater availability and a larger seeded area of kharif pulses this year.

Khare stated that prices of Tur and Urad in large mandis had fallen by over 10% on average over the last three months, but retail prices had not followed suit. In Chana, mandi prices have fallen during the last month, but retail prices have risen.

She argued that the divergence patterns between wholesale mandi pricing and retail prices are symptomatic of growing unjustified profits that retailers are extracting from market dynamics. The patterns are being continuously monitored, and if the divergences widen, appropriate steps will need to be implemented.

In terms of availability, Khare stated that Kharif Urad and Moong have begun to arrive in the markets, while Tur and Urad imports from East African countries and Myanmar are slowly increasing to supplement domestic supply. The quantity of pulse stock declared by big-chain shops in the Department of Consumer Affairs’ stock declaration portal has been increasing week after week, indicating a comfortable domestic availability condition.

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