India bars pulses traders from holding imported stocks beyond a month

Published 2023년 5월 19일

Tridge summary

The Indian government has urged pulses traders to ensure they do not keep imported stocks for more than a month after custom clearance, due to rising prices for tur and urad pulses. This is attributed to lower production in the 2022-23 crop year and increased domestic consumption. Despite increased disclosure of pulses, prices have still risen, with tur reaching ₹8,450-10,000 a quintal and urad ₹7,800-8,200 a quintal. The government has set the minimum support price for both pulses at ₹6,600 a quintal for the 2022-23 kharif season. The Department of Consumer Affairs has formed a committee to monitor stock levels of these pulses and has asked states to ensure importers are disclosing their stocks regularly.

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Original content

The government has asked pulses traders, especially tur (arhar or pigeon pea) and urad (black gram), to not hold imported stocks beyond one month from the date of custom clearance. This comes as the backdrop of tur prices skyrocketing amid tight supply in the domestic market. Though the disclosure of pulses, especially tur has increased, prices are on the upward trend because of lower production of the pulses crop in 2022-23 (July-June) crop year. The industry estimates tur production to be 2.5-2.8 million tonnes (MT) in the current season. However, as per the government’s second advance estimates, output of tur in 2022-23 season is pegged at 3.6 MT as against 4.2 MT last year. Domestic consumption of tur, at present, is around 4.3-4.4 MT. Fair average quality (FAQ) tur prices have gone up to ₹8,450-10,000 a quintal (as of 18 May) from ₹6,100-7,360 per quintal (as of 30 December) in key wholesale markets of Maharashtra’s Akola and Karnataka’s Gulbarga or Kalaburagi. In the case ...

Source: Livemint