Do you think pulse hoarding is responsible for recent price hike of all pulses inclusive of pigeon pea?
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Yes, pulse hoarding also contributed to the price hike of all pulses including pigeon pea. Whenever there is a gap in supply and demand of any commodity, price gets affected. The price especially rises when demand is much more than the supply. The shortfall in production of pulses is there but the demand for pulses is 4-5 million tonnes more than domestic production every year. In such a market, even a minor blip in supply of pulses can increase prices dramatically.
The traders know this trend and tend to hoard, hoping for the prices to increase further so their profit margin also increases. The raids by government had recovered very large amounts of pulses hoarded by traders.
India's reliance on pulse imports is large. Even global traders have taken advantage of this imbalance in demand and supply and taken to hoarding. There were reports of pulse stocks lying in warehouses at ports as traders decided to wait it out and thus allowing shortages to push up prices further.
The traders know this trend and tend to hoard, hoping for the prices to increase further so their profit margin also increases. The raids by government had recovered very large amounts of pulses hoarded by traders.
India's reliance on pulse imports is large. Even global traders have taken advantage of this imbalance in demand and supply and taken to hoarding. There were reports of pulse stocks lying in warehouses at ports as traders decided to wait it out and thus allowing shortages to push up prices further.
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hope this helps.
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