She pointed out the diverging trends between wholesale mandi prices and retail prices, which seems to suggest that retailers are deriving higher profit margins. She also said that sowing progress for Kharif pulses is robust.
Representative Image (photo: IANS)
Chana, Tur and Urad prices in major ‘mandis’ (markets) had declined by up to 4% in the past one month, but retail prices have not seen a similar decline, said Nidhi Khare, Secretary, Department of Consumer Affairs, on Tuesday.
She pointed out the diverging trends between wholesale mandi prices and retail prices, which seems to suggest that retailers are deriving higher profit margins. She also said that sowing progress for Kharif pulses is robust.
The Government has undertaken numerous efforts in facilitating enhanced production of Tur and Urad in major Kharif pulses producing States, including distribution of good quality seeds to farmers through NAFED and NCCF and the Department of Agriculture is in continuous engagement with the State Agriculture Departments to provide all necessary support, she highlighted.
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The development comes during a meeting organised by the Department of Consumer Affairs organised a meeting with Retailers Association of India (RAI).
The meeting discussed the price scenario in respect of pulses and compliance to the stock limits for Tur and Chana prescribed in the Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (First and Second Amendments) Order, 2024.
The meeting was chaired by Smt. Nidhi Khare, Secretary, Department of Consumer Affairs, Government of India.
At the meeting, considering the current price scenario and Kharif outlook, the Secretary asked the 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. Breach of stock limits, unscrupulous speculation and profiteering on the part of market players would invite stern actions from the Government.
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.
The meeting was attended by representatives of RAI, Reliance Retail, D Mart, Tata Stores, Spencer’s, RSPG, V Mart among others.
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