India bars pulses traders from holding imported stocks beyond a month
Dried Pigeon Pea
Dried Black Gram Bean
India
Published May 20, 2023
Tridge summary
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.
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. 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 of urad, prices in the markets of Guntur, a key wholesale market in Andhra Pradesh have shot up to ₹7,800-8,200 per quintal from ₹6,500-7,000 a quintal during the same ...
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