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Pulses prices may surge this festive season

Tur dal is likely to cross Rs 300 per kg due to high demand and low supply

Policy Pulse
Publish Date: Jul 18 2016 1:21PM | Updated Date: Jul 18 2016 1:21PM

Pulses prices may surge this festive season

 Prices for pulses may soar in the oncoming festive season owing to the high demand during this time, as reported by DNA. 

 
According to the Agriculture Product Market Committee (APMC) traders, tur dal, sold at Rs 220 per kg now, is likely to cross Rs 300 per kg in the coming days. This trend is expected to continue till new stocks arrive in the market. 
 
The tur dal production in 2016 is 10.28 million tonnes against 13.17 million tonnes in 2015. The total production of pulses this year is 27.06 million tonnes as against 33.05 million tonnes last year.
 
A trader from Dhule, Tukaram Patil, said that all pulses are being sold at a high rate and the normal range of chana dal at Rs 140-160 per kg to moong dal at Rs 100 per kg will vary based on demand and supply. This is happening due to consecutive droughts in the last two years in regions where pulses are grown adversely impacted their production.
 
Only moong dal prices is expected to come down in the next two months. Moong dal crops will arrive in August, not the rest of the pulses. Tur crop is harvested in December and January, and chana in February and March. So expect the prices of the pulses to soar, Nanasaheb Patil, chairman of the APMC told the paper.
 
In the coming festive season pulses prices will be more than Rs 300 per kg. It may even rise further, he added.
 
Customers are unlikely to have any relief from the soaring prices anytime soon. The states which have witnessed good monsoon season have damaged crops as well since the pulses crops are very delicate and the heavy rains are leaving the crops damaged.