Dal At Subsidised Outlet Costs More, YEllow Peas Dal NAFED Selling at Rs 3 More Than Market Rate

It was started as a market intervention strategy to check price rise but retail outlets of the National Agric- ultural Cooperative Marketing Federation (NAFED) seem to be doing just the opposite.

Its outlets are selling yellow peas dal at Rs 26 per kg where- as the market rate for the same is between Rs 22-23 per kg.

In November last year, the Delhi government had laun- ched a scheme of providing pulses cheaper than the mar- ket rates and had actively adve- rtised the sale of this dal thro- ugh retail outlets of NAFED, Kendriya Bhandar and Mother Dairy.

Naresh Gupta, the president of the Delhi Grain Merchant Association, said, "The current wholesale price for the yellow peas dal is Rs 1,700 per quintal or in other words Rs 17 per kg. Even after adding packaging and transportation cost, the retail rate does not go so high."

HT spoke with many retail grocers across Delhi and most of them said the dal was not much in demand and hence they did not stock it.

One of them said, "This dal is not very popular. The sale has started to pick up slowly now." He said the dal is actu- ally peas, so one won't be eat- ing it daily.

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with thanks : source : Hindustan Times

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Road freight zoom by up to 8 pct on diesel price hike

It is reported that truck rentals have surged 6% to 8% while retail freight is up by 12% to 15% after a hike in diesel prices by INR 2.58 per liter ex Delhi and INR 3 per liter ex Mumbai & Chennai was announced in the Budget proposal last week.

For a nine-tonne payload between Delhi-Mumbai-Delhi, rentals rose to INR 46,000 per trip as on March 3 from INR 42700 per trip as on February 4 a rise of 7.73%for Delhi-Nagpur-Delhi INR 43,400 from INR 40,200, a rise of 7.96% for Delhi to Kolkata to Delhi INR 44,800 from INR 41,500, a rise of 7.95%, Delhi to Guwahati-Delhi INR 82,000 from INR 77,200 a rise of 6.22%.

According to a compilation made by the Indian Foundation of Transport Research and Training, a non government organization associated with the transport sector, the rise of 6% to 8% in truck rentals is at a higher side compared with the weighted impact of the diesel hike of 3.5% to 4.5%.

Mr SP Singh senior fellow and coordination of the foundation, said that “This disproportionate and concerted hike across the country has come against the backdrop of the booming transport freight market, as manufacturing and import-export trade is growing at double digits and it has improved the cargo offering by 10% to 12% in last four to five months.”

Mr Singh further added that truck rentals had already gone up cumulatively by 14% to 16% during October 2009-January 2010 even without the rise in diesel price. He added that “This hike was a cushion to absorb the diesel price rise of INR 2.58 per liter ex Delhi and INR 3 per liter ex Mumbai and Chennai. However, the market forces are in favour of the truck transport industry due to oversupply of cargo and the manufacturing sector willing to pay higher freight due to increased prices of their products.”

(Sourced from Business Standard)

with thanks : source : http://steelguru.com/news/index/MTM1NzQ4/Road_freight_zoom_by_up_to_8_pct_on_diesel_price_hike.html

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Veggies on Fire

With thanks : source : Detailed news at : http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=CAP/2010/02/26&PageLabel=2&EntityId=Ar00200&ViewMode=HTML&GZ=T

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Retail loot : Mandi prices a fraction of what you pay

NEW DELHI: It's profiteering of the worst kind and you are at the receiving end. The potatoes you bought yesterday for anything between Rs 8 and Rs 12 per kg depending on which part of the city you live in, cost your retailer just Rs 3 per kg at the mandi. And the cauliflower he is selling for Rs 12 to Rs 16 per kg costs him only Rs 2 per kg.

You've probably often cribbed to him about the exorbitant prices and he has in apparent sympathy told you, ``kya karen memsahib (or sahib), peechhe se hi mahenga aa raha hai''. Well, that sob isn't true -- in fact, going by the prevailing wholsale rates, it is a pack of lies.

The wholesale prices have, in most cases, dropped to a fraction of what they were at the beginning of December or January, but there has been only a marginal slide in retail prices. In fact, you're paying up to five times the mandi price at your doorstep. Cabbage, for instance, is Rs 4 per kg at the mandi while parts of Delhi are paying Rs 20 per kg to get the leafy vegetable.

Wholesale rates at present are actually among the lowest in the past few months, having seen a continuous downward trend since December 2009 and there is reportedly no shortage of any vegetable. The government is aware of the situation, but says it is helpless.

When contacted, chief minister Sheila Dikshit told TOI: ``It is very difficult since the retailers number in thousands. I have asked the weights and measures department to get active and crack the whip, but simultaneously we have to educate the consumer. Each week we try and get the wholesale rates published so that consumers are aware of the market situation. At least, we have clamped down on the rising trend for the time being.''

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Milk prices up in Delhi, Petrol & Diesel to follow

Prices of Milk are up in Delhi. The full creamed by Rs. 2 & the tonned by Rs. 1 per lt. Now seems to be the turn of Petrol & Diesel, which is likely to go up very soon. Water tariff was raised on the very first day of the new year. What next in the liquid products ?

RWABhagidari blog

And now milk prices may rise in the capital ?

Earlier Mr Sharad Pawar had spoken about Sugar & its prices rose immediately. Now prices of milk may shoot up after Mr. Pawar said about the possibility of increase in milk prices in the capital.

Retail sugar prices in Delhi moving closer to Rs 50/kg

New Delhi: Retail sugar price in Delhi is inching closer to the Rs 50-per kg mark with rates moving up by nearly Rs 1 everyday since January 1.

The sweetener became costlier by Rs 1 to Rs 45 a kg on January 7 from Rs 44 per kg the previous day, according to the government data.

Sugar prices have more than doubled from the Rs 21 level from beginning of the last year, mainly due to lower production.

Since the beginning of the year, sugar has become dearer by over 15% or Rs 6 per kg.

In the wholesale market of New Delhi , sugar was trading at Rs 44.5 per kg on Thursday and therefore, the retail prices are expected to firm up further.

Rising sugar prices are hurting not only the common man but also sweetmeat makers, ice-cream manufacturers, beverage producers and confectioneries. Bulk users make up for 60% of the total sugar demand.

While the industry attributes the recent spurt in sugar prices to firm global rates which have made imports costlier, traders are blaming it to "low" release of sugar by the government in the open market for January quota.

Restriction put by the Uttar Pradesh government on imported raw sugar in view of protest from cane farmers during October-November last year, is also fuelling the price rise.

Traders said around 1.5 million tonne of raw sugar is locked in the Indian ports because of UP government’s decision to ban the processing of imported raw sugar in the state.

“This has further aggravated the supply shortage as most big mills who have the capacity to process imported raw sugar into whites are not able to do so,” a miller from the state said.

He said that new import contracts are not being entered into as processors are not confident about the processing.

In 2008-09 (October-September), sugar production slumped to 14.7 million tonne from 26.4 million tonne in the previous season. The annual requirement of India , the world's largest consumer, is 23 mt.

Encouraged by strong demand from India, the world’s largest consumer of the sweetener, refined sugar prices for March delivery rose to $729 per tonne on the Liffe exchange this week, a level last seen in 1989, similarly raw sugar for the same month delivery jumped to 28.90 cents a pound, its highest level since 1981.

Meanwhile, the central government has gone into a war footing...

with thanks : source : http://www.financialexpress.com/news/Retail-sugar-prices-in-Delhi-moving-closer-to-Rs-50-kg/565088/