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Sunday / May 26. 2024
HomeAgroPolicyCentre asks states to continuously monitor the prices of Tur and Urad

Centre asks states to continuously monitor the prices of Tur and Urad

The Centre also asks to verify the stock positions and take strict action against those violating the stock limits order

Nidhi Khare, Additional Secretary, Department of Consumer Affairs chaired a meeting with State Food and Civil Supplies Departments, Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs) to review stock disclosure of Tur and Urad and the implementation of stock limits by the state governments. The Department of Consumer Affairs had imposed stock limits on Tur and Urad by invoking the Essential Commodities Act, of 1955 in order to prevent hoarding and unscrupulous speculation and also to improve affordability to the consumers.

The retail prices, quantities of stocks disclosed by various stock-holding entities and stocks in CWC and SWC warehouses in respect of Tur and Urad were reviewed in the meeting. The action taken by states to verify the mismatches between quantities pledged by market players with banks and quantities declared on the stock disclosure portal and the enforcement of stock limits were also discussed with the states. Further, CWC and SWCs were asked to furnish details of Tur and Urad stocks in their respective warehouses, on a regular basis. In the meeting, the state governments were asked to continuously monitor the prices and verify the stock positions of stock-holding entities and take strict action on those who violated the stock limits order. 

Under the order, stock limits have been prescribed for Tur and Urad until 31st October 2023 for all states and UTs. Stock limits applicable to each of the pulse individually are 200 MT for wholesalers; 5 MT for retailers; 5 MT at each retail outlet and 200 MT at the depot for big chain retailers; last 3 months of production or 25 per cent of annual installed capacity, whichever is higher, for the millers. The order has also made it mandatory for these entities to declare the stock position on the portal ( of the Department.

The stock limit order was the culmination of various steps taken by the Department of Consumer Affairs to ensure the affordability of Tur dal and Urad dal to the consumers, starting with the stock declaration advisory.

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