Retail pulses prices seen falling up to 10-15% before Diwali

Retail pulses prices are seen to be falling around 10 percent to 15 percent as supplies are set to improve over the fortnight.

Zee Media Bureau

New Delhi: Retail prices of pulses are set to fall before Diwali on account of government's anti-hoarding activities and improved imports.

According to industry sources, the price of pulses would reduce by 10-15 percent over the fortnight as the supply is expected to improve.

Government has seized nearly 75,000 tonnes of pulses from hoarders in raids across 13 states. The prices of Tur has already touched Rs 210 per kg in the retail market, while Urad is hovering around Rs 190 per kg.

The Centre had also asked the states to hold discussions with dal millers, whole-sellers and retailers to make pulses available at reasonable prices.

Prices of urad dal,moong dal and gram dal have already started falling in the wholesale market.

Moong dal and gram dal declined by Rs.500 and Rs.300 per quintal each to Rs.11,000 and Rs.6,200 from its previous rate of Rs.11,500 and Rs.6,500 respectively on Monday.

In addition, urad dal decreased by Rs.100 per quintal to Rs.15,100 from Rs.15,200.

The industry sources say that Tur prices are not likely to drastically fall in the immediate future due to the supply of the dal, which is witnessing a global shortfall.

An acute shortage in the global markets has seen imported tur prices double to $1,400 a tonne from $700 a tonne last year.

Large Tur imports to India are expected to begin only from December-end.