January 1, 2016 7:23 PM

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Govt offloads 1.12 lakh ton of seized pulses in retail market

Government has offloaded over 1.12 lakh tonnes of seized pulses in the retail market to improve availability and tame prices. The prices have declined from the peak of Rs 200 per kilogram in October to Rs 160 at present due to various government measures including unearthing of hoarded stock and offloading that in the retail market.<br/><br/>Prices of key pulses, especially tur and urad, shot up unabated in the last few months due to a fall in domestic output by two million tonnes in 2014-15 crop year because of deficit monsoon.<br/><br/>An official statement quoting reports received from states said, over one lakh 12 thousand tonne of pulses seized under de-holding operations have been auctioned or offloaded through other options in the market till yesterday. This will help moderate the prices further. <br/><br/>As many as 14 thousand and 726 raids were conducted against hoarders of pulses in 14 states and an union territory.<br/><br/>As per the data, a maximum of 86 thousand and 709 tonnes of pulses were seized in Maharashtra, of which 81 thousand and 473 tonnes have been offloaded till yesterday.

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