Live Spot Prices
RBD Palmolein ( MCX ) 665 | Silver ( MCX ) 37334 | Gold ( MCX ) 30621 | Brass ( MCX ) 365 | Cotton Seed ( NCDEX ) 1702 | Guargum ( NCDEX ) 9355 | Chana ( NCDEX ) 3987
Pulses traders request govt to withdraw annual import quota
Commodity Online | March 14 2018
UPDATED 10:33:48 IST

Indian Basmati Rice may face decline in export

India plans to more than double Sugar export subsidy

India's Rubber Output likely to dip by 15% due to Kerala floods

Govt sets Foodgrain production target at record 285.2 MT for 2018-19

Govt to increase Sugar MSP to Rs 34/kg

India had imposed a quota of 5 million tonnes on annual import of Pulses, processors and traders have requested the government to stop even the restricted imports by end of March, which if not restricted immediately, it will add to the already mounting stocks in the country.

In August 2017, the government restricted import of Tur, Moong and Urad. The free import of Tur, Moong and Urad has been restricted by imposing quota of 2 million tonne import on Tur and 3 million tonne on Moong and Urad taken together.

Currently domestic prices of most pulses such as Tur, Moong and Chana, which are being currently harvested, are ruling below the minimum support price (MSP) levels, leading to continuing farmer unrest in the growing areas.

Export of Pulses, which was not allowed for more than a decade, was also freed up last year. However, both measures did not help much to support domestic prices.

According to government estimates, India imported 4.7 million tonnes of Pulses between April 2017 and November 2017, which is 71% of what the country had imported during 2016-17 fiscal, and 80.8% of what it had imported in 2015-16 fiscal.

Commodity Arrivals Rate
Mustard Oil 8.37 10500.00
Coconut Oil 2 21600.00
Arecanut NR 21500.00
Sugar 8.67 3900.00