Words are Weariness

Pulses have gone past 200 kg and there is great hullabaloo. Political parties are using it as a saber to cut and thrust at Modi Government. News papers are reporting the 'raids' on traders and the capture of thousands of tonnes of stocks which is also said to be softening prices while actually it does nothing of the kind. It is common sense,  when you raid stocks with traders and impound them, the impact will be disruption in supplies which can only act to increase prices. The government is reported to have 'successfully raided' and impounded about 85000 mt tonnes of Pulses, mostly from Mumbai. Most of these quantities belong to importers who had contracted to import large quantities at prices   between Rs.85/kg to Rs.135/kg during the last few months when it became apparent that Khariff crop of Pulses is bad following the failure of monsoon. It is likely these stocks rot in ports or godowns sealed by Government, benefiting nobody except the bureaucracy that will ex