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Government steps in to ease food inflation, offloads 20,000 tonnes of pulses

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Further to the goverment’s moves to counter the skyrocketing prices of pulses, over 20,000 tonnes of pulses out of 1.33 lakh tonnes seized during raids have been offloaded in the market to boost domestic availability and control prices.
“As per reports received from state governments, till yesterday, 20,779.25 tonnes of pulses seized under de-hoarding operations have been auctioned or offloaded through other options in the market to increase availability,” an official statement said.
“This will help moderate the prices further,” it added.
As per the statement, Maharashtra has offloaded 13,789.4 tonnes out of 86,709.39 tonnes seized by the state government during 5,250 raids.
Madhya Pradesh has disposed of 2,698.7 tonnes, Chhattisgarh 2,145.22 tonnes and Odisha 1,403.86 tonnes.
Karnataka has disposed of only 488.53 tonnes so far out of 25,545.82 tonnes seized.
“The High Court of Karnataka on November 23 declared the Department of Food & Civil Supplies’ seizure of pulses stored by traders as “illegal” and ordered the release of pulses, edible oils and oilseeds from them,” the statement said.
Since imposition of the stockholding limits on pulses by the states, 1,33,658.92 tonnes were seized till November 30.
In another statement, the government said retail prices have stabilised during the last week after showing a falling trend in the week ended November 23, 2015. Retail prices in metros have also stabilised.
Pulse prices had crossed Rs 200 per kg in the retail market due to a slump in production by 2 million tonnes in 2014-15. However, rates have eased lately due to several measures taken by the government such as sale of imported pulses at subsidised rate, imposition of stock holding limits and raids on hoarders.
Also Read: Grocers move to counter sky-high pulses prices

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