After remaining high for a long time, the prices of pulses have started to soften

05-Aug-2024 11:15 AM

New Delhi. After remaining high and high for more than a year, the prices of major pulses like gram, tuvar, urad, and lentils have been softening for the last one month.

Government officials and trade analysts say that the prices of pulses have started softening in the major markets of the country.

According to critics, due to a significant increase in imports, the imposition of storage limits on gram and tuvar and indication of good increase in sowing area,

the supply and availability of pulses has increased and prices have softened. Due to good monsoon rains, a spectacular increase is being seen especially in the area of ​​​​tuvar.

This is expected to bring some decline in the inflation rate in pulses, which has been running in double digits since June 2023.

According to official sources, due to factors such as price control measures being taken by the government, liberal import policy and increase in the sowing area of ​​Kharif pulse crops, the pulses market first stabilized and now has started softening.

Prices are expected to fall further during the next two months. During the last one month, the wholesale market price of major pulses has fallen by 4 percent and in the last few weeks, it has fallen by up to 8 percent.

According to the data of the Department of Consumer Affairs, during the current year, compared to last year, the model retail price of Tuvar Dal had jumped the most by 26.86 percent,

which has now fallen by 5.8 percent to Rs 160 per kg. Similarly, the retail price of Masoor Dal has fallen by about 10 percent to Rs 90 per kg.

The effect of the fall in the wholesale market price is now visible on the retail price as well. On the all-India level, the average retail price of pulses has fallen on a weekly basis.

The production area of ​​Kharif crops has increased by 10.9 percent compared to last year and has reached 110.60 lakh hectares, while the sowing process is still going on.