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Stockholders to mandatorily disclose stocks of Tur

Stockholders to mandatorily disclose stocks of Tur

The Department of Consumer Affairs on 12th August, 2022, issued a directive to all the states and UTs to enforce stock disclosure by stockholders of Tur under Section 3(2)(h) and 3(2)(i) of the Essential Commodities Act, 1955 and also to monitor and verify the stocks. The states/UTs have also been asked to direct stockholder entities to upload the data of stocks held by them on the online monitoring portal of the Department of Consumer Affairs, on weekly basis.

There are reports that some sections of stockists and traders are resorting to restricted sales in an attempt to create artificial scarcity to push the price upward. The retail price of Tur has been on upward trend from second week of July, 2022 following the slow progress in kharif sowing as compared to last year due to excess rainfalls and water logging conditions in parts of major Tur growing states of Karnataka, Maharashtra and Madhya Pradesh. 

The Centre is closely watching the overall availability and prices of pulses in the domestic as well as overseas markets to take necessary preemptive measures in an event of unwarranted price rise in the upcoming high demand festival months. On top of the sufficient overall availability of pulses in the domestic market, the government is currently holding about 38 lakh tons of pulses which are being released in the market to further augment the stocks available in the market.

Source : PIB

Last Modified : 8/16/2022



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