Government Urges Retailers to Lower Pulse Prices Amid High Costs
Amid rising food inflation, the Indian government has called on retailers to reduce the prices of pulses to ensure affordability for consumers. With pulse prices soaring due to supply constraints and increased demand, the government is stepping in to stabilize the market.
Measures to Address Rising Costs
To tackle the issue, the government has reached out to major retail chains, urging them to cut prices on key pulses like tur (pigeon pea), urad (black gram), and moong (green gram). This follows consistent monitoring by the Department of Consumer Affairs, which identified high margins as a contributing factor to inflated retail prices.
Additionally, the government has advised the Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation (NAFED) to release buffer stock pulses to augment supply in the market. These steps aim to ease pressure on consumers, particularly during the peak festive season when demand traditionally rises.
Collaboration with Stakeholders
Retailers have been asked to pass on the benefits of reduced procurement costs to end-users. Wholesale prices for certain pulses have shown signs of softening, and the government intends for these reductions to reflect in retail pricing.
The government is also considering stricter regulatory measures to combat hoarding and artificial price inflation. “We are closely monitoring market dynamics and will act decisively to ensure affordability for the common man,” said an official from the Ministry of Consumer Affairs.
Ensuring Consumer Relief
The government’s proactive approach comes in response to consumer concerns over food affordability, with pulses being a staple in Indian households. By urging price reductions and releasing stock, the government aims to strike a balance between market stability and consumer relief.
This initiative underscores the government’s commitment to controlling food inflation while safeguarding the interests of consumers and farmers alike. Market responses to these measures will be crucial in determining their effectiveness in the coming weeks.
