New Delhi: Almost no hours after the center limits stock in pulses wholesalers, retailers, milling and importers can keep them, the Indian Credit and Grain Association (IPGA) is referred to as a “regressive” step.
It urged the government to immediately attract orders.
On Friday night, consumer affairs said the need for urgent policy decisions was felt to “send the right signal” to the market.
Orders issued by the ministry said wholesalers can provide a maximum of 200 tons of pulse (except moong) and they cannot store more than 100 tons from one variation of pulses at a certain time until 31 October.
Retailers can reach a maximum of 5 tons.
In Miller’s case, the stock limit will be the last three months of production or 25% of the installed annual capacity, which is higher.
For importers, the stock limit will be the same as wholesalers for shares owned or imported before 15 May 2021.
For imported pulses after May 15, the stock limit applies to wholesale will apply after 45 days from the date of customs.
“IPGA always welcomes and supports the government’s efforts to increase trade and income of multiple farmers including the revision of import policies from ‘limited’ to ‘free’ in the case of tours, urad and moong.
But the order that imposes stock limits on pulses has taken the industry with fully surprised.
This is a step that is quite regressive by the government and will greatly affect not only major traders, retailers, milling and importers but also farmers and consumers, “said Chairman of IPGA, Deputy Chairperson.
Kothari said farmers would have a negative impact because it would be the peak season for them with festivals in the corner and planting time for Kharif plants.
“Prices will be stuck he said.