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PolicyFinancial Express

Govt makes stock declaration mandatory for traders

Negative-66

GreyOak summary

To curb rising pulse prices, the Department of Consumer Affairs made weekly stock declarations mandatory for traders and retailers. Retail prices for tur and gram increased by 19.5% and 10% respectively compared to last year. Despite record buffer stocks and a 67% surge in imports, the government aims to prevent hoarding and profiteering.

What it affects

  • Agri commoditiesNegative -66

    Pulse prices rose sharply amid hoarding fears.Rolling sentiment Neutral -5

Source

Read the original at Financial Express

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