Why prices of Dal doubled in India

Why Dal (pulses) prices have doubled in India

India consumes 23 million metric tons of Pulses including almost all types of pulses such as Arhar, Masur, moong, urad, chana. India consumes about 6000 Metric tons of pulses every day. For obvious reasons India is the largest producer as well as consumer of pulses.

Why India loves pulses?

India’s love for pulses is age old. Mostly Indians are vegetarians and pulses are a major component of their diet. Pulses provide a major source of protein to India. 100 gram of pulses straightway gives 35 gram of protein. Due to its rich protein most of the India is dependent on pulses. Indians cannot live without onions and pulses. Any increase in the prices of onion and pulses give rise to public protest for obvious reason. After the recent onion crisis it is time for pulses. Prices of Dal (Pulses) reaching Rs.200/Kg becomes a reason of concern.

India consumes 23 million tons of pulses each year but the production of pulses has declined from afew years, 2010-2011 India produced 18.2 million tons MT, 2011-2012 17.1 million MT, 2012-2013 18.3 million mt tons,2013-2014 19.8 million metric tons. As we know India required 23 million metic tons every year and from last 5 years the the production has been declined by 10 to 12% that resulted in the hike of prices of pulses.



But is it really statistically justifiable. This year a 12% decline in production has created 100% hike in the prices of pulses.

As per reports huge stocks of pulses are piled up in port warehouses as well as domestic warehouses. Domestic as well as global traders have knowingly kept the stock in their warehouses in order to create shortage in domestic market. We may not rule out the possibilities of mafia involvement supported by politicians from different places.

With Maharashtra government imposing stock limit on import of pulses it will become difficult for traders get their huge orders. Recently 2.5 million tons of pulses were ordered by different imports from Australia (Largest exported of chickpeas or Kabuli chana to India), Canada (Largest exported of lentil or masur), and Myanmar (Largest exporter of tur dal). Note that Mumbai port alone handles half the import of pulses into India.

 

By : Admin| Category : Business and Economy| Date : October 22,2015

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