The government of India decided to continue its stock limit decision on tur and urad till December 31st of this year. On September 25, the Food and Consumer Affairs Ministry issued a notification to limit the stocks for wholesalers and big chain retailers from 200 tons to 50 tons.
The ministry added that the changes in the stock limitation and extension of time are to control the hoarding of tur and urad dal. This move is to prevent the sudden spike in the prices of the tur and urad dal.
The stock limitation is applicable for each type of pulse, 50 tons for wholesalers, 5 tons for retailers, 5 tons for retail outlets and 50 tons for the big chain retailers. The Ministry also restricts the millers to 10% of the annual capacity or the last month's production. The notification added that the importers are not permitted to hold the stocks for more than 30 days from the date of the customs clearance.
Earlier on January 2 of this year, the government of India restricted the stocks of tur and urad to prevent hoarding and sudden surges in the prices. According to the Agricultural Ministry of India, the total sown area for pulses has been lowered to 122.57 lakh hectares in the current Kharif season. In the previous season, it was at 128.49 lakh hectares.
Pulses Demand in India
India is the largest producer of pulses in the world, accounting for about 25% of the global production. The Indian population is also the largest consumer of pulses with 27% of the world’s consumption. Reports projected the production of 32 million tons of pulses in India by 2030. In the 2022-23 season, India produced around 28 million tons of pulses.
During the same season, India exported around 7.75 million mt of pulses worth $672.31 million. Bangladesh, China, UAE, USA and Nepal were the major importers of the Indian pulses.
Conclusion
To sum it up, India continues its stock limits for tur and urad pulses until this year ends. On January 2 of this year, the government of India decided to limit the stocks of tur and urad to prevent the hoarding and sudden price surge of the pulses.
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