Average urad dal prices in the wholesale market have fallen by 5 percent over the past year, the government said on Friday.
The government has taken several proactive and preventive measures to increase domestic availability and stabilize prices of essential food items, according to an official statement.
According to statistics from the Ministry of Consumer Affairs, the average wholesale price of urad dal as reported on February 25, 2022 is Rs 9,410.58 per quintal compared to Rs 9,904.39 per quintal on February 25, 2021, i.e. a down 4.99%.
Similarly, the average wholesale price of urad dal as reported on February 24, 2022 is Rs 9,444.06 per quintal against Rs 9,896.95 per quintal on February 24, 2021.
In May 2021, advisories were issued to States/UTs to monitor essential food prices and to ensure disclosure of pulse stocks held by millers, importers and traders under the Essential Commodities Act.
The imposition of a stock limit on all pulses except moong was notified on July 2, 2021.
Subsequently, an amended order was issued on July 19, 2021, imposing stock limits on four pulses, namely tur, urad, masur, chana for a period up to October 31, 2021.
The government has allowed the import of tur, urad and moong under the “free category” with effect from May 15, 2021 to October 31, 2021.
The free import regime for tur and urad was then extended until March 31, 2022.
Import policy measures resulted in a substantial increase in imports of tur, urad and moong compared to the corresponding period of the past two years.
(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)