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Toor dal rates expected to drop
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Dipti Das Kirtikar
Times of India, 21 Nov, 2009
Vashi: The soaring food grain prices are set to come down within
a month or so as said by APMC traders. "Though the production
of grains has been hit, there are new stocks of Toor dal coming to
the market soon," informed Jayesh Vora, director of APMC.
"We have taken adequate care to maintain the demand and supply
position by allowing commodities of shortfall. Although the overall
agricultural scenario appears to be bright and the soaring price of
rice has already started declining," adds Vora.
The rice rate per kg has reduced by Rs 3-5. The traders are expecting
that by December end or first week of January, the rates of dal should
come down. Presently toor dal is costing Rs 90-120 and as per
market analysis, the rates will come down to Rs 60-65.
As far as wheat grains are concerned, by March end the rates should
be under control, once the supply of grains starts. "Things have
started improving and we are confident that the prices should be under
control and within the reach of the common man," said Vora.
Admitting that there were some pressures and bad weather earlier,
he added: "These are all time high rates of the grains and one
can only expect that next year we have proper rainfall so that product
and supply is manageable."
Seasonal factors have contributed to the high prices of some of the
essential commodities, and traders are hoping it will be possible
to have a moderate impact after a month or so, particularly for those
crops which are adversely affected by the seasonal factors.
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