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Maharashtra: Pulse prices dip on increased sowing

Good monsoon and reports of a good harvest in the overseas markets are the main causes attributed to the price dip.

Written by Partha Sarathi Biswas | Pune |
August 17, 2016 2:50:02 am
maharashtra, maharashtra pulses, maharashtra pulses price dip, maharashtra price of pulses dip, maharashtra monsoon, maharashtra good monsoon pulses price drop, maharashtra news, india news Over the last 25 days, prices of pulses in the wholesale markets in Maharashtra have been dropping by 20 per cent.

LAST year, when prices of dal touched the sky, the state and central governments had announced efforts to permanently increase cultivation of pulses. While area under cultivation of pulses has seen an increase of 119 per cent, wholesale prices has seen a dip, which many say might hamper permanent increase in cultivation area.
Over the last 25 days, prices of pulses in the wholesale markets in Maharashtra have been dropping by 20 per cent. Good monsoon and reports of a good harvest in the overseas markets are the main causes attributed to the price dip.
Pravin Dongre, chairman, India Pulses and Grains Association (IPGA) said a further price drop is expected across the wholesale markets.

Sowing or reporting issues by the government of Maharashtra’s agriculture department shows that sowing of Tur daal has increased by 123 per cent, while that of Moong and Urad daal has increased by 115 and 124 per cent respectively. This changed the market sentiments and resulted in liquidation of stocks from farmers/millers/ traders. At the same time, Dongre said the demand from end consumer is down. Already, moong prices are trading near Minimum Support Price (MSP) value. Once the imported pulses start hitting the market from September, more price correction is expected.

Volatility of prices has been one of the major reasons for farmers getting weaned away from pulses towards sugarcane. Even in water-stressed Marathwada, pulses recorded a steady decrease as farmers complained of lesser returns. In an ambitious move, the state government decided to increase pulses area with 2016 being designated as the year of pulses but if prices continue to dip, doubts are being expressed if it can be achieved. Dongre said the government should assure farmers that their stocks should be brought at MSP across all mandis in the country.

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