Rates have grown by anywhere from 8 to 15 per cent
Price rise blamed on futures trading being allowed by the government
Production of pulses in the last kharif season is not below average
HYDERABAD: Even as the summer is coming to an end, prices of essential commodities are again showing a propensity towards rise. One clear marker is the increase in the prices of pulses. Rates of almost all the pulses have grown by anywhere from eight to 15 per cent.
“Though far behind the earlier record of Rs.90 per kilogram, red gram has gone up by seven to 10 rupees within a month. Same is the case with black gram. Worst is the green gram which has recorded an increase of Rs.12 per kg. The signs are sinister,” says K. Prabhakar Reddy, a retired employee.
In the retail market, red gram is currently sold at Rs.77 per kilo, while green and black grams are priced Rs.100 and Rs.84 respectively. Tamarind too recorded a rise of 15 per cent, with its price going up from Rs. 52 per kilo to Rs. 60 per kilo, while sugar has added up Rs.4 to Rs.5 over the past four months. Fortunately, price of rice seems to have stabilised at around Rs.35, with no notable increase.
Vice-president of AP Rythu Sangham Sarampalli Malla Reddy blames the rise in the price of pulses on futures trading being allowed by the government.
“Production of pulses in the last kharif season is not below average. There is no reason for the present price rise except that the traders are hoarding grains for future use. With the recent amendment to the Essential Commodities Act, the government has approved futures trading. The state government seeks to escape by shifting responsibility to the Central government. The fact is that the government has given into traders' hands,” he says.