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July 16, 2024 8:19 PM

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Prices of Chana, Tur, Urad in major mandis declined by 4% in past one month

Secretary, Department of Consumer Affairs Nidhi Khare has said that prices of Chana, Tur and Urad in major mandis had declined by up to four per cent in past one month. She said, however retail prices of these commodities have not seen similar decline. She pointed out the diverging trends between wholesale mandi prices and retail prices, which seems to suggest that retailers are deriving higher profit margin. Mrs  Khare today held a meeting with Retailers Association of India (RAI)  to discuss the price scenario in respect of pulses and compliance to the stock limits for Tur and Chana. 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. She 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. During the meeting, 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. She also pointed out that sowing progress for Kharif pulses are robust and the Government has undertaken numerous efforts in facilitating enhanced production of Tur and Urad in major Kharif pulses producing States.