Prices may fall after 23,000 metric tonnes of pulses seized in Maha
MUMBAI: In raids over two days, the state has seized 23,340 metric tonnes of pulses, worth more than Rs180 crore, held illegally in warehouses across the state. With this, the price of the household essential that went up multifold over the past few weeks could soon start dropping.
More than 95% of the goods were recovered from five warehouses in the Mumbai Metropolitan Region and action has been initiated against them. The raids follow a state notification restricting holding the stock of pulses, edible oil and oilseeds.
The state said after the raids, retail prices of pulses fell to Rs160 a kg from Rs200 two days ago, and are expected to reduce further. The seized goods will be auctioned off to bring more stock to the open market. “All commissioners and district collectors have been asked to take action against hoarders,” said Girish Bapat, food and civil supply minister.