India will make decision on Myanmar beans quota by month-end

Ram Gopal Yadav (7 years ago)

At the government’s request, India will make a much needed decision on a new import quota for Myanmar-produced pulses and beans by the end of this month. Myanmar exports 80 percent of its beans and pulses to India. However, due to an oversupply in its own backyard, India last year imposed a quota on all Myanmar imports, resulting in steep falls in the price of locally produced beans. The collapse in the prices of beans and pulses in Myanmar has had a big impact on farmers so the government has asked for a new quota from India so that farmers can export their crops.

Govt approves urad procurement in Andhra Pradesh, Tamil Nadu

Ram Gopal Yadav (7 years ago)

The government has approved procurement of 100,000 tn urad in Andhra Pradesh and 3,000 tn from Tamil Nadu during the ongoing rabi season. The government will also purchase 32,000 tn moong from farmers in Andhra Pradesh. The minimum support price, at which the government procurement takes place, is 5,400 rupees per 100 kg for urad, and 5,575 rupees per 100 kg for moong. The move comes in the wake of high domestic supplies due to a bumper pulses output in 2016-17 (Jul-Jun) and anticipation of a record high crop this year as well.

Govt allows bulk export of all edible oils, barring mustard

Ram Gopal Yadav (7 years ago)

Mustard oil exports to continue in packs only up to 5 kg. Minimum export price of $900/tn for mustard oil to continue. The Union Cabinet allowed export of all edible oils in bulk, barring mustard oil. Earlier, edible oil exports were allowed only under branded consumer packs of up to 5 kg. Removal of export restrictions is aimed at opening new marketing avenues for Indian edible oils, which in turn would benefit oilseed farmers in the country by way of better realisations. The move would also help in utilisation of idle refining capacity in domestic edible oil industry. Export of mustard oil, however, would continue only in consumer packs of up to 5 kgs with a minimum export price of $900 per tn.

Chana prices up in Delhi on demand from dal millers

Ram Gopal Yadav (7 years ago)

Prices of chana rose in Delhi due to higher demand from dal millers and domestic stockists, as well as a fall in supply. In Delhi, prices of chana were up 25 rupees. The rise in prices was also because the Madhya Pradesh government it would buy chana at the minimum support price, not under the price-deficit Bhavantar Yojna scheme.