Indian government urges retailers to reduce profit margins on pulses due to declining wholesale prices.
Indian government urges retailers to reduce profit margins on pulses, following a decline in wholesale prices by up to 4% in major markets over the past month. Retailers Association of India (RAI) members commit to making necessary adjustments to their retail margins to ensure prices are affordable for consumers. The government is monitoring stock positions and will take strict action against unscrupulous speculation and profiteering.
July 16, 2024
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