The spiking pulses prices to a record high has led the government announce different measures including use of price stabilisation fund and imports to cool prices and create a buffer stock. Finance Minister Arun Jaitley reviewing the price situation at an inter-ministerial group, as rates peaked to Rs 187-190 a kilogram in retail markets across the country, said that government is trying hard to contain prices by increasing availability via imports and urged consumers to wait for some time to see results.
After the meeting which was attended by Commerce Minister Nirmala Sitharaman, Parliamentary Affairs Minister Venkaiah Naidu, Transport Minister Nitin Gadkari, Principal Secretary to PMO Nripendra Misra and senior government officials, Finance Minister said that the government is making efforts to ensure that people get pulses at a lower rate than international prices.
Jaitley said the government has decided to invoke the Rs 500-crore Price Stabilisation Fund that will be used to pay for transportation, handling, milling and processing -- aimed at reducing the cost of imported pulses. The government through MMTC has contracted to import 5,000 tonnes each of tur and urad dals, of which, 3,250 tonnes of tur dal has already reached Chennai and Mumbai ports and the rest will arrive soon. Retail prices of tur dal rose up to Rs 181 per kg, while urad dal prices increased to Rs 187 per kg.
The Finance Minister further stated that the government has also decided to create a buffer stock of lentils mainly through imports and more quantity for the next few days will also be imported into the country so that the supply side problem can be taken care of which will have an impact on prices. It was also informed that besides imports, the government has taken several measures to check price rise, like imposing restrictions on holding of pulses stock beyond a ceiling and taking action against hoarders and black marketeers.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: