Price of pulses shoot up
Posted on: 27/Aug/2017 5:43:48 PM
As a ban has been imposed on the import of pulses, the prices of pulses have shot up in the market. Further, the prices of groundnut oil and palm oil have also gone up steeply.
The central government ordered a ban on import of pulses mainly in order to dispose of the stock of pulses in the godowns kept over the last 7 months.
However, the merchants were not keen on buying the old stock as they suspected the quality of the pulses to be low.
Thus, the demand for pulses has increased and subsequently, the prices of pulses have shot up.
Bengal gram is increased Rs. 300 per bag, black gram at Rs. 500 per bag, and green gram increased Rs. 600 per bag.
With taxes to be added, the prices of groundnut oil and palm oil have gone up by Rs. 50 per tin.
