India Pulses rise 20% post import curbs.

The government import restriction on arhar, tur seems to have paid off with pulses prices rising by 20 per cent in the Mumbai wholesale markets. Traders, farmers and companies feel this is a positive trend ahead of the harvest of urad and moong pulses in Madhya Pradesh and Maharashtra, as prices have been ruling below the minimum support price fixed by the government. Weak and uneven rains in key pulses growing states were a concern for the trade which had led to the rise in prices. If the government allows export of pulses for the entire trade rather than only giving importers the benefit to export, prices can further increase. Further, if the government procures pulses which are soon going to be harvested at MSP rate, it supports the price. Also, the decision of the government to offload its 1.9 million tonnes of pulses buffer stock have an impact on the market.