Govt imposes 10% import duty on tur dal, wheat
The Dollar Business BureauThe government has imposed a 10% import duty on imports of tur or arhar pulse (pigeon pea) and wheat with immediate effect. The decision was taken to protect the domestic farmers’ interests after the prices of pulses fell below the minimum support price (MSP) across various pulses producing states. The government expects bumper production of ravi crop, especially pulses and wheat this year on the back of normal monsoon season last year. This restrictive measure will control a further fall in the wholesale prices of tur dal and wheat and thus provide better MSP to farmers during ongoing procurement drive. The good production of tur dal during last kharif (summer) season had resulted into a fall in wholesale prices. Since the ...
Tur dal is being sold below MSP in 3 states, expected to slump further
The Dollar Business Bureau After a record surge last year, tur dal prices have witnessed a sudden slump in the wholesale market this year, falling considerably below the Minimum Support Prices (MSP) level. Tur dal prices came down to Rs.4500 per quintal, as it has fallen by more than half in the last quarter alone. In addition to the bumper crop of the commodity last year, supported by the Government’s demonetisation drive, the prices have crashed to a record level. The major tur dal producing countries including Karnataka, Maharashtra and Gujarat had a good crop year in 2016. In Karnataka, the total production is projected to touch 20-25 lakh metric tonnes compared to 12.50 lakh metric tonnes last year. Wholesale prices in the country’s main tur ...
India expects long-term pulses supply from Mozambique
The Dollar Business Bureau India and Mozambique have agreed on a long term deal for assured supply of lentils to control the surging pulses prices in the Indian market. Last week, Indian delegations visited Mozambique and Myanmar to take a look at arrangements for assured supply of lentils, especially tur, on a long term basis. "The delegation is back with long term solution in sight. The final draft is awaiting response of the Mozambique government. The Government of India is expecting a positive response as soon as possible," Consumer Affairs Secretary Hem Pande said. The supply of pulses from these two countries may improve the availability of pulses in the domestic market once the long-term contract is signed. "We want long-term arrangement of assured supply with both ...
Govt to release unmilled dal to curb price rise
PTI With retail prices of pulses surging to near Rs.200 per kg level, the Centre is releasing 10,000 tonnes of tur and urad pulses to the states for distribution to common man at rates not exceeding Rs 120/kg. The government has decided to release "10,000 tonnes of unmilled Tur dal at Rs.66 per kg and unmilled urad dal at Rs.82 per kg to the states for retail distribution" of milled/processed dals at not more than Rs.120 per kg, an official statement said today. States have been requested to immediately place their requirement for making allotment of tur and urad dals for retail distribution through their channels, it said. The Centre has built a buffer of 50,000 tonnes by way of domestic procurement. Additionally, about ...
'No delay in pulse import due to Bihar polls'
Source: PTI Pulse prices have been ruling as high as Rs.180 per kg in the retail market across the country as their production slumped 2 million tonnes in the 2014-15 crop year on poor and untimely rains The Centre did not delay in importing pulses due to Bihar elections, Minister of State for Agriculture Sanjeev Balyan on Saturday clarified. He asserted that prices of lentils are expected to cool with arrival of kharif crop. He was critical of the industry body Assocham for coming out with a study on prices of commodities like rice, sugar and pulses “without checking the ground reality”. Pulse prices have been ruling as high as Rs.180 per kg in the retail market across the country ...
India to import additional 3,000 tonnes of pulses
Deepak Kumar | The Dollar Business In the wake of falling production and soaring prices of pulses, the government has decided to import 3,000 tonnes of pulses – 2,000 tonnes of tur and 1,000 tonnes of urad—to meet the domestic demand. The decision was taken on Monday during a meeting between Union Cabinet Secretary P K Singh and secretaries of states departments. Singh also directed all states to increase procurement and create a buffer stock of pulses. The government had earlier imported 5,000 tonnes of tur and placed a revised order for importing additional 2,000 tonnes of chickpeas. “Cabinet Secretary directed that all the 400 outlets of Kendriya Bhandar and Safal in Delhi should start distributing imported tur dal immediately,” Ministry ...
