Kejriwal blames hoarding, commodity stock mkt for price rise

Image
Press Trust of India New Delhi
Last Updated : Oct 24 2015 | 10:22 PM IST
Delhi Chief Minister Arvind Kejriwal today blamed "hoarding" and commodity stock market behind skyrocketing retail prices of pulses and questioned the Maharashtra government's move to remove stock limits of pulses earlier this year, which has been recently reimposed.
"Maha and some dal producing states had stock limits. It was removed early this year. Why? It encouraged huge hoarding. Less dal production. Just one reason for rising dal prices - huge hoarding in dal producing states, and commodity stock market is also among 2 big factors," Kejriwal tweeted.
The Maharashtra government has reimposed stock holding limits on pulses traders on October 19 to improve the supply in the state. It had withdrawn the limits on April 23 this year.
Nearly 75,000 tonnes of pulses have been seized from hoarders in raids across 13 states as part of the measures to control the retail prices of dal that have touched up to Rs 210 per kg.
As per the Consumer Affairs Ministry's data, retail prices touched as high as Rs 210/kg yesterday. Urad was selling at Rs 190/kg, moong dal at Rs 130/kg, masoor dal at Rs 110/kg and gram at Rs 85/kg.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 24 2015 | 10:22 PM IST

Next Story