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India pulses may trade firm as global production declines

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MUMBAI (Commodity Online): Prices of pulses in India are expected to remain firm as global production of pulses may come down by 5% to 57 million tons for the current year. This is when compared to 60 million tons for 2010.


The growing demand and supply constraint of pulses is a major issue in the international market now.


While comparing production rate of pulses with last year, it has shown a considerable decline in production. Pea production has come down to 8.7 million tons from 10.1 million tons , lentil production to 3.9 million tons from 4.2 million tons.


Also, the acreage under pulse production in major producing countries like India, Canada and U.S. are on decline. One of the reasons for the decline of production area in Canada, the largest producer of pea and lentil is unsuitable weather conditions. The planting of different varieties of crops like durum replacing pulses is another major challenge.


Given Yellow pea is one of the cheapest pulses available in the market, India is the largest importers of yellow pea over chana. (Chana is comparatively an expensive commodity).


Production of pulses in India is around 17 million tons with imports expected around 3 million tons to meet the surging requirements.

NCDEX TURMERICNIZAMABADJUN12 20 June 2012 contract was trading at Rs 0 . What's your view on it?
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Surendra Jain  Posted On : Jul 24, 2011 6:03 AM
True Information related to seeding/ harvest quantity/stock carry forward/ under transport are intentionally kept under secret to allow price manipulations. Long distribution channels makes retail prices high for end customer. It is vicious circle difficult to break due to vested interests. Commodity exchanges have only helped price jacked up and allowed non agro related investors to earn $$. Pulses, Spices, nuts import broker since 2001 skype welcomeorix Delhi now active in booking lobhia. Rajma booking will start by Sept 2012 Orix International
Surendra Jain  Posted On : Jul 24, 2011 6:03 AM
True Information related to seeding/ harvest quantity/stock carry forward/ under transport are intentionally kept under secret to allow price manipulations. Long distribution channels makes retail prices high for end customer. It is vicious circle difficult to break due to vested interests. Commodity exchanges have only helped price jacked up and allowed non agro related investors to earn $$. Pulses, Spices, nuts import broker since 2001 skype welcomeorix Delhi now active in booking lobhia. Rajma booking will start by Sept 2012 Orix International