A direct result of this notification would be a drop in wholesale prices once the mandis reopened after the weekend.
05 July 2021 Current Affairs:The 2021 Stock Limits and Movement Restrictions on Specific Foodstuffs (Amendment) Order has been issued and will take effect immediately from July 2, 2021.
Highlights:
♦ As retail dal prices continue to rise and the long gap in monsoon rain casts a shadow over Kharif sowing, the central government has stepped in to limit further price increases.
♦ Under this order, wholesalers, retailers, millers, and importers of pulses have been imposed with stock limits.
♦ According to the order, all states and Union territories have imposed inventory limits for all pulses until October 31.
♦ Wholesalers can stock up to 200 tonnes (but no more than 100 tonnes of any one variety), whereas retailers can stock up to 5 tonnes.
♦ Dal millers can stock 25% of their annual installed capacity or the previous three months of production, whichever is greater.
♦ In recent months, the government has attempted to keep pulse retail prices under control.
♦ It had requested that the state and UT governments conduct an inventory of pulses and their trade in March and April. To keep track of the stock, an online system was created.
♦ When these measures failed to have the desired effect on prices, the central government changed the import policy by moving tur, urad, and moong — the three major Kharif pulses — from the restricted to free category from May 15 to October 31.
♦ A direct result of this notification would be a drop in wholesale prices once the mandis reopened after the weekend. With Kharif sowing underway, farmers' decisions on whether to plant pulses or other crops this season will be impacted.
Highlights:
♦ As retail dal prices continue to rise and the long gap in monsoon rain casts a shadow over Kharif sowing, the central government has stepped in to limit further price increases.
♦ Under this order, wholesalers, retailers, millers, and importers of pulses have been imposed with stock limits.
♦ According to the order, all states and Union territories have imposed inventory limits for all pulses until October 31.
♦ Wholesalers can stock up to 200 tonnes (but no more than 100 tonnes of any one variety), whereas retailers can stock up to 5 tonnes.
♦ Dal millers can stock 25% of their annual installed capacity or the previous three months of production, whichever is greater.
♦ In recent months, the government has attempted to keep pulse retail prices under control.
♦ It had requested that the state and UT governments conduct an inventory of pulses and their trade in March and April. To keep track of the stock, an online system was created.
♦ When these measures failed to have the desired effect on prices, the central government changed the import policy by moving tur, urad, and moong — the three major Kharif pulses — from the restricted to free category from May 15 to October 31.
♦ A direct result of this notification would be a drop in wholesale prices once the mandis reopened after the weekend. With Kharif sowing underway, farmers' decisions on whether to plant pulses or other crops this season will be impacted.