COMMODITY
Government asks retailers to cut profit margins on pulses
Jul-17-2024

In order to provide relief to consumers, the government has asked retailers to cut profit margins on pulses such as tur, urad and chana dals. Government pointed out that retail prices of tur, urad and chana dals have not declined in proportion to about a 4 per cent fall in major wholesale markets in the past one month. The government warned that it would take stern actions against unscrupulous speculation and profiteering by market players. 

On July 16, the Department of Consumer Affairs organised a meeting with the Retailers Association of India (RAI) to discuss the price scenario in respect of pulses. The government asked the retail industry to extend all possible support to the government in its efforts to keep prices of dals affordable to the consumers.

Retail industry participants assured that they would make necessary adjustments in their retail margins and maintain at a nominal level to ensure availability of prices at affordable prices to the consumers. The stock positions of all stockholding entities, including big chain retailers, are being closely monitored to ensure that the prescribed limits are not breached.

The government has undertaken numerous efforts in facilitating enhanced production of tur and urad in major kharif pulses-producing states, besides the distribution of good quality seeds to farmers through NAFED and NCCF.

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