IGPA ‘utterly shocked’ by stock limits on pulses, seeks withdrawal of order
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The authorities on July 2 issued a notification imposing stock holding limits on all pulses besides moong on wholesalers, retailers, millers and importers.
India Pulses and Grains Association (IPGA) on July 3 expressed shock over the federal government’s imposition of stock limits on pulses until October to stop hoarding and examine value rise.
The trade is “utterly shocked. The IGPA will make a representation to the government and address the issue”, it stated.
“We urge the government to immediately withdraw the order as it is not in the interest of anybody,” IGPA Vice Chairman Bimbal Kothari stated in a press release.
The authorities on July 2 issued a notification imposing stock holding limits on all pulses besides moong on wholesalers, retailers, millers and importers.
Mr. Kothari stated the IGPA has all the time welcomed and supported authorities’s efforts to spice up commerce and double farmer’s revenue together with revision of the import coverage from “restricted” to “free” in case of tur, urad and moong.
“But this order of imposing stock limits on pulses has taken the pulses industry by complete surprise. It’s quite a regressive step by the government,” he stated.
“This will severely impact not only the wholesalers, retailers and importers but also the farmers and consumers,” he added. He additional stated India yearly wants 25 million tonnes of pulses. But this yr, “we are expecting a shortage”.
“Normally, an importer imports 3,000 to 5,000 tonnes of one variety but imposing a limit to just 100 tonnes per variety will lead to controlling supplies,” he stated, including that such restrictions would trigger extra hurt than good to the farmers and customers.
“These limits are going to throttle supplies as importers will not be in a position to import large quantities together,” he stated. “Since the festival season is approaching from next month, the supply may become a major constraint due to this restraining order.”
Mr. Kothari stated farmers are going to be adversely impacted as it’s going to be peak season for them with festivals and planting time for kharif crops not far away.
“Prices are going to crash. Chana is already selling below minimum support price (MSP). Tur and Urad are selling at MSP,” he stated.
“On the one hand, the government wants the farmers to get MSP and double the farmer’s income but this kind of policy will hurt everybody and is certainly not beneficial to anyone,” he stated.
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