Pulses Prices Expected to drop in a few Weeks
COMMODITY by Shrutee K/DNS Mumbai, October 21 st , 2015: India Pulses and Grains Association (IPGA), the apex body for the pulses and grains industry in India. Mr. Pravin Dongre, Chairman – IPGA speaking at the conference said, “Private Indian importers, in view of the new crop in Canada and Australia as well as scarcity in India, have contracted 25 lakh tons of pulses to arrive between October 15 th and January 31 st . Out of these 25 lakh tons of pulses, 2.5 lakh tons of pulses have already arrived at Mumbai port in the last five to seven days. We expect the prices of pulses to drop appreciably in a next few weeks on the back of large quantities of pulses scheduled to arrive at Indian ports.” The IPGA officials, referring to the recent decision to withdraw the stock limit exemption for imported pulses, appealed to the Government of India to reverse this decision in light of the large amount of stocks that are due to arrive at Indian ports. IPGA also appeals t...