Days after the Centre lowered the import obligation on edible oils, it imposed inventory holding limits on all pulses save moong, held by wholesalers, retailers, importers and millers until October.
By the way, the choice has come at a time when costs of most pulses have come off from their peaks and have softened by Rs 5-20 per kg within the retail markets the previous one month, as per information from division of shopper affairs.
Pulses costs within the home markets had soared within the months of March to Might as a consequence of low home shares, prompting the Centre to permit free imports.
Nonetheless, since then costs have cooled down as a consequence of low demand and worry of imports.
“There was a sustained improve within the worth of pulses in March-April. The necessity for an pressing coverage choice was felt to ship the precise sign to the market,” the ministry mentioned in a press release.
In the meantime, as per as we speak’s order which got here into impact instantly, a inventory restrict of 200 tonnes has been imposed on