Pigeon pea price tumbles, hope in horizons

Published 2020년 9월 24일

Tridge summary

Tanzania's country pigeon pea prices have hit a historical low, falling between 300/- and 550/- per kilogram, following India's temporary suspension of pigeon pea purchases. This season's prices initially ranged from 1,000/- to 850/- per kilogram in Arusha and Lindi, respectively. The decrease is linked to India's decision to permit only processing companies to import 400,000 metric tonnes in the next six months, leading to a delay in license approvals. Nearly all Tanzania's pigeon pea exports are sold in the Indian market. The Tanzania Pulses Network (TPN) has urged stakeholders to remain calm, assuring that the situation is being resolved.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

THE country pigeon pea price has plummeted to historical low after the world largest market, India, temporarily suspended buying. The new season that started early this month indicated that in Arusha, the price was 1,000/- per kilogram, and in Lindi 850/-per kg. However, a week later, the prices plummeted to between 300/- and 550/-. This, according to Tanzania Pulses Network (TPN), was after India had issued a license to processors only this season despite wanting to import 400,000 metric tonnes in six months to October. TPN Chairman, Cosmas Bulala said in a press release that according to India’s modus operandi, the government issued importation license to processing companies only. “As of now, a number of millers have already applied for import license, however, what has brought this delay is a decision by the Indian government to send inspectors to verify applicants if they actually had the stated mills,” he said. Almost all Tanzania’s exports of pigeon peas are sold in India. ...
Source: Dailynews

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