The Ministry of Consumer Affairs, Food and Public Distribution issues directives to all States and Union Territories to enforce weekly stock disclosure of pulses, aiming to combat hoarding and ensure market stability. Under the leadership of Nidhi Khare, Secretary of the Department of Consumer Affairs, a meeting was convened with state authorities to reinforce the implementation of the stock disclosure mandate. States and UTs were urged to maintain vigilance over pulse stock positions to prevent market manipulation.
Proactive Measures
The directive emphasizes the verification of pulse stocks in warehouses located in major ports and industry hubs, accompanied by stringent action against entities providing false information. This proactive approach aims to stabilize pulse prices and ensure equitable access for consumers nationwide.
Industry Engagement
The Ministry engages with pulses importers associations and industry representatives to address concerns regarding imports and stock disclosure. Importers are urged to diligently declare pulse stocks, including Yellow Peas, on a weekly basis, aligning with efforts to stabilize prices.
Duty-Free Imports
India’s extension of duty-free imports of Yellow Peas until June 2024 complements efforts to stabilize pulse prices. Monitoring of imports and stocks of various pulses aims to ensure their continuous release into the market, bolstering overall availability.
Strategic interventions, including stock limit revisions and duty-free imports, reflect the government’s commitment to preventing hoarding and maintaining price stability in the pulse market.
