Home »  News »  India

Indore: As supply begins to drop, commodity prices go up

Friday, 24 January 2014 - 2:52pm IST | Place: Indore | Agency: DNA
Traders, officials stalemate continues.

As the stalemate between food grain traders and state government officials continued for the second day and supplies to retail market began to drop, prices of various commodities started to increase though marginally on Thursday.

The commodities that saw surge in prices are chana (gram), moong daal (green gram) and soybean as supplies from nearby markets have been badly hit for the last four days.

At the same time, surplus availability of commodities like masoor (red lentils), sarso (mustard seed) and urad daal (black gram) showed a dip in prices on Thursday. The traders lowered prices of already purchased commodities to clear stocks in wake of heavy rains lashing the city in the last two days.

Indore Anaj Tilhan Vyapari Sangh president Nand Kishore Agrawal told dna that prices have risen marginally due to supply issues. He, however, added that traders were confused over stringent norms of Food Safety and Standards Act and the government should guide them on its provisions.

Manoj Kala, president of Krishi Upaj Vyapari Sangh said that traders had called on chief minister Shivraj Singh Chouhan in Dhar and Dewas and he has also called for amendments in the act.
The traders however accept that the retail prices of various commodities could surge further in coming days if the standoff persists.

The food grain traders at Chhawni and Laxmi Nagar mandi had resorted to selective buying of the products to protest their being brought under ambit of Food Safety and Standards Act.

This had led to protests from farmers and as a result auction and purchase at mandis had concluded within one hour on Monday.  The situation continued on Tuesday and the same evening, Krishi Upaj Mandi Samiti issued order restraining all trade activities in local grain mandis till further orders to prevent disputes between farmers and traders over quality of produce.

As a result no buying took place at the mandis in Chhawni and Laxminagar on Wednesday and Thursday. This led to disruption in supply chain, leading to surge in prices.




Jump to comments