India’s annual food price inflation up over 13 percent, Toor dal now costs Rs 116/kg where are we heading ??

New Delhi, Nov 5 (IANS) Based on the new guidelines on disclosing the official wholesale price index, India's annual rate of inflationbased for primary articles and fuels stood unaltered at minus 6.2 percent for the week ended Oct 24, official data showed Thursday.

The annual inflation rate for food articles was sharply higher at 13.39 percent for the week under review. Similarly, the annual rise in the index for pulses was 23.44 percent and that for cereals was 11.15 percent. The meat, eggs and poultry index rose 25 percent.

The statistics released by the industry ministry showed that during the week ended Oct 24, there was a 3 percent rise in prices of moong, 2 percent rise each in prices of wheat and bajra, while condiments, spices and gram became dearer by 1 percent.

Prices of fish, however, fell 3 percent, fruits and vegetables became cheaper by 2 percent, while barley and jowar prices fell 1 percent each. Under non-food primary articles, raw silk prices rose 6 percent and raw rubber became dearer by 3 percent.

The index for fuel, power , light and lubricants remained unchanged.

As per a decision taken by the Cabinet Committee on Economic Affairs, the weekly index numbers on prices will not be released for manufactured products, but limited to primary articles and fuels. While primary articles have a 22 percent weight, fuels carry a 14 percent weight.

The full data on wholesale price index will only be released on a monthly basis.

Both the Reserve Bank of India and the government have warned India's annual inflation rate based on wholesale price index for all commodities will rise to 6-6.5 percent by March, while the Prime Minister's Economic Advisory Council has pegged it at 6 percent.
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Tur dal now costs Rs 116/kg where are we heading ?? 

Mumbai: The upward spiral in the price of pulses, a staple food item in Mumbai homes, is unlikely to be reversed in the near future. This dire prediction comes from traders who blame the scanty monsoon and the subsequent low supply for the situation.
   Prices of tur dal,moong dal and urad dal have increased by between 80% and 100% in the last year. "Top-quality tur dal, which was available at Rs 60 per kg in November 2008, now sells at Rs 116,'' says retailer Ammubhai Ghelani. The price of moong dal, which was around Rs 70 last year, is now Rs 112 per kg while urad dal—Rs 72 per kg a year back—is now Rs 100 per kg.
   Traders complain that the government is sitting on a stock of over 70,000 tonnes of imported pluses, which includes 30,000 tonnes of tur dal, for the past few months.

Dal eaters change buying pattern

Mumbai: The rising price of pulses is causing concern among both consumers and traders. ''The government should immediately take steps like inviting tenders to process the dal. Once this is done, prices will stabilise or see a minor correction,'' says agro-commodities analyst Dhimant Bhatt.
   The price rise has already forced consumers to change their consumption pattern. "Many shopkeepers have noticed that buyers have stopped making monthly purchases of pulses and are now picking them up only for their immediate need,'' says Chandrakant Gala, president of the Bandra-Dahisar Grain and Provision Stores Association. Some consumers, on the other hand, have been buying much more than they require for fear that prices will not stabilise in the near future. Nilesh Vira of the Grain Rice and Oil-Seed Merchant Association points out: that the prices of dals rocketed soon after the elections. And another dire prediction, this one by the Golwala Merchants' Association president Dipak Shah: the price of jaggery will rise.