10% decline in market price of Tuvar and Urad during last three months
09-Oct-2024 12:13 PM
New Delhi. A meeting of Retailers Association of India (RAI) and major organized sector retail chains was held today under the chairmanship of Smt. Nidhi Khare, Secretary, Department of Consumer Affairs, in which the trend and scenario of prices of major pulses was discussed.
This meeting was held at the right time in view of the festive season. Due to improvement in supply and availability and increase in sowing area of Kharif pulse crops, a decline in market price of most pulses has been observed in recent months.
According to the Consumer Affairs Secretary, during the last three months, an average decline of about 10% was recorded in the price of Tuvar and Urad in the major wholesale markets of the country, but the retail price did not decline accordingly.
As far as gram is concerned, its market price has also seen a decline during the last one month, but the retail price remains upward. Expressing concern over the lack of uniform change in the wholesale and retail prices of gram, the Consumer Affairs Secretary said that retailers are taking advantage of the market dynamics.
The entire development is being closely monitored and if the difference in prices persists, necessary steps will be taken. Big chain retailers were also present in this meeting.
Between 3 July and 4 October, the market price of tuvar in Gulbarga fell by 9 percent from Rs. 12,100 to Rs. 11,000 per quintal, in Indore it fell by 16 percent from Rs. 11,800 to Rs. 9900 per quintal and the price of Burma Lemon Tuvar in Mumbai fell by 15 percent from Rs. 11,175 to Rs. 9475 per quintal.
Similarly, during the period under review, the market price of urad in Mumbai (FAQ Burma) fell by 7 percent from Rs 9000 to Rs 8400 per quintal, Chennai FAQ fell by 7 percent from Rs 8860 to Rs 8200 per quintal,
Chennai SQ slipped by 5 percent from Rs 9475 to Rs 9000 per quintal, Indore fell by 12 percent from Rs 9300 to Rs 8200 per quintal and in Delhi (FAQ) fell by 7 percent from Rs 9200 to Rs 8600 per quintal.
The wholesale market price of gram in Delhi (Rajasthan) increased by 12.0 percent from Rs. 6950 to Rs. 7800 per quintal, in Bikaner by 13 percent from Rs. 6700 to Rs. 7600 per quintal, in Indore by 10 percent from Rs. 6900 to Rs. 7600 per quintal and the price of Tanzanian gram increased by 14 percent from Rs. 6250 to Rs. 7150 per quintal.
Thus, the price of tuvar and urad has come down in the benchmark markets, but its prices have softened accordingly at the retail level. On the other hand, the retail price of gram has increased more than the rise in its wholesale market price.
According to the Consumer Affairs Secretary, the arrival of new consignment of urad and moong of Kharif season has started in many markets, while tuvar and urad are being imported regularly from East African countries and Myanmar. This has increased the availability of pulses in the domestic sector.
The increase in supply and availability is also evident from the fact (data) that the quantity of pulses stock declared by big chain retailers on the Consumer Affairs Department's Satk Disclosure Portal is increasing every week. Stock limit is applicable on Tuvar.