Speculation adding to soaring pulse prices, allege traders in Indore

While shortage of pulses and festive season demand are driving the commodity prices higher, rampant speculation has also contributed to the recent spike, allege traders in Indore. Pulse prices have seen a steep rise over the past 12 months, with tur dal and urad dal touching an all-time high. Prices of pulses have seen a steep rise over the past 12 months, with tur dal and urad dal more than doubling to touch an all-time high. Trade sources estimate total pulses production at 17.5 million metric tonne for 2014-15, which is a decline of 2.28 MMT over previous year,” Assocham secretary general DS Rawat had said.