The move has come after the price of tur and urad saw a sharp jump in prices this week. The prices of the two commodities have been high since early this year which has influenced prices of the entire pulses complex.
Lower-than-expected arrivals coupled with good demand are keeping prices under pressure. The government has already allowed the import of both commodities at zero duty till March 2024.
“In order to prevent hoarding and unscrupulous speculation and also to improve affordability to the consumer in respect of tur and urad dal, the Government of India has issued an order where it has imposed stock limits on pulses applicable to wholesaler, retailer, big chain retailers, milers and importers,” it said in a statement.
The stock limit applicable to each of the pulse individually be will 200 MT, for wholesalers, 5 MT for retailers, 5 MT at each retail outlet and 200 MT at the depot for big chain retailers, last three months of production or 25% of annual installed capacity, whichever is higher for the millers.
Importers are not to hold stock beyond 30 days from the date of customs clearance.All have to declare stock position on the portal of the Department of Consumer Affairs and in case stocks held by them are higher than the prescribed limit then they shall bring same bring the same under the prescribed limit within 30 days, the ministry said.