India Enforces Weekly Pulse Stock Disclosure to Curb Hoarding

Mumbai 10-April, (Commoditiescontrol) – India Enforces Weekly Pulse Stock Disclosure to Curb Hoarding

The Indian government has directed all states and union territories to enforce mandatory weekly stock disclosures for pulses. This move aims to increase transparency in the pulse market and prevent hoarding that could artificially inflate prices. The order targets stock-holding entities across the pulses industry, with particular scrutiny on those operating in major ports and industry hubs. Verification processes will be in place to ensure the accuracy of disclosed information. This decision follows recent meetings between the Department of Consumer Affairs and representatives from state governments, importers, and other industry stakeholders. Discussions focused on streamlining import procedures and stock disclosure practices to ensure adequate pulse supplies for the domestic market. The Centre emphasizes the need for transparent reporting of both imported yellow peas and domestically sourced pulses like tur, urad, chana, masur, and moong. A revamped stock disclosure portal will play a key role in this initiative, becoming fully operational from April 15th, 2024. (By Commoditiescontrol Bureau; +91-9820130172)