• India hikes chickpea duty again

    WINNIPEG (CNS) — The Indian government has raised the import tariff for chickpeas from 30 to 40 percent. The government said the tariff, which was published in the Gazette of India Feb. 6, is to be imposed immediately with existing circumstances making it necessary. Chickpea prices have continued to fall over the last six months, according to reports out of the country. India imposed a 30 percent tariff on imports of chickpeas and lentils Dec. 21, which had followed a 50 percent tariff on pea imports Nov. 8 — the maximum allowed under World Trade Organization rules. The tariffs were set to support Indian farmers who faced lower commodity prices following large world crops of pulses. India had a good monsoon rain this growing season, and the country is expecting large crops as the harvest approaches. Read more


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  • Import Duty Raised On Chickpeas, ‘Efforts To Keep Domestic Price Above MSP’

    Expected higher yields from the current crop of 2017-18 along with rising pressure from the opposition and farmers’ drove the government to rise the import duty on Chickpeas once again from 30 to 40 per cent. It may be the fastest route to appease farmers in Madhya Pradesh & Rajasthan in coming elections. A ministry of finance body ‘Central Board of Excise and Customs (CBEC)’ has issued a notification on 6th of February, raising the import duty on chickpeas from 30 per cent to 40 per cent pro rata. Earlier to this government had issued a notification, imposing an import duty of 30 per cent on chickpeas and lentils with immediate effect on 31st December last year. These measures are observed as part of a series of several restrictive import measures, both quantitative restrictions and raising import duties, on various pulse crops that had been taken since March 2017. Market sources report that imports of chickpeas had come to an alleged halt after the imposition of the 30 per cent import duty that largely affected supplies from Australia, Myanmar, several African countries (mostly central African), and of course the United States. Read more


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  • Hoarding drives pea prices up

    Prices of pigeon peas have risen thanks to hoarders, according to merchants. Indian buyers have also been purchasing peas at the Pakokku wholesale market in Magway Region. Prices per bushel of the old harvest of pigeon peas rose from Ks11,500 to Ks12,500 and the new harvest from Ks9,000 to Ks10,500. However, the rise in demand and prices apparently does not mean better returns for farmers because of the high production costs. Read more


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  • Pulse focus to switch to Indian crop

    THE LONGEVITY of a rally in chickpea prices, primarily driven by a surge in demand from Pakistan, now hinges on the prospects of the Indian crop. Chickpea prices have pushed up $100 a tonne in the past month to sit at around $650/t delivered upcountry along most of the east coast. It was a welcome return of confidence to the sector, which saw prices dive to as low as $500/t in some instances and general pricing of $550/t on the back of the news of the Indian import tariff of 30 per cent. Read more


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  • Rising demand lifts chana futures by 0.65%

    Chana prices rose 0.65 per cent to Rs 3,853 per quintal in futures trade today as participants created fresh positions, driven by increasing demand from dal mills in the spot market.Besides, tight stocks position following drop in arrivals from producing regions, fuelled the uptrend.At the National Commodity and Derivatives Exchange, chana for delivery in March contracts was trading higher by Rs 25, or 0.65 per cent, at Rs 3,853 per quintal with an open interest of 93,130 lots. Read more


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  • Select pulses rise on stockists buying

    New Delhi, Feb 1 Select pulses led by gram rose by up to Rs 200 per quintal at the wholesale pulses market today on emergence of stockists buying following upsurge in demand from retailers. Traders said fresh buying by stockists, driven by pick up in demand from retailers against restricted supplies from producing belts led to the rise in gram and other pulses' prices. Higher enquiries from dal mills also fuelled the uptrend. In the national capital, gram climbed to Rs 4,200-4,400 from previous level of Rs 4,000-4,300 per quintal. Its dal local and best quality traded higher by Rs 200 each to Rs 4,400-4,800 and Rs 4,800-4,900 per quintal. Read more


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  • Chana futures climb 1.09% on rising demand

    New Delhi, Feb 1 Chana prices rose 1.09 per cent to Rs 3,888 per quintal in futures trade today as participants created more positions, supported by soaring demand from dal mills in the spot market amid restricted supplies. At the National Commodity and Derivatives Exchange, chana for delivery in March contracts advanced Rs 42, or 1.09 per cent, to Rs 3,888 per quintal with an open interest of 90,440 lots. Read more


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  • Tur procurement to start today, no decision on chana yet

    Come Thursday, 159 centers in the state will start procurement of tur under the price support scheme with the state government aiming to purchase more than 7 lakh quintals of the pulse. However, no decision has been taken regarding procurement of chana, harvesting of which is set to start within a week. Officials of the Maharashtra Cooperative Marketing Federation said the centers will start operation from Thursday and the process of procurement will start in the next five days. Run under the price support scheme (PSS), these centers will purchase tur at the designated minimum support price (MSP) of Rs 5,450 per quintal. Last year, the state had seen a record purchase of over 77 lakh quintals of tur which so far is the highest such purchase under PSS. However, the purchase was marred by controversy with farmers alleging massive corruption. Read more


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  • Pulse weekly outlook: Pulse acres on downswing

    CNS Canada — Pulse prices in Western Canada showed some movement during the week ended Tuesday, but mostly hung rangebound as India’s import restrictions on Canadian pulses continued to hold the market in check. Yellow peas fell 25 cents to a range of $5.75 to $7 a bushel. Green peas held steady at $7.50-$8.50 a bushel. Laird X3 lentils in Western Canada rose five cents/lb. over the past week, according to the latest information from Prairie Ag Hotwire. Prices are listed at 17.5 to 24 cents/lb. Pulse acres in Canada look to be on the downswing this year. According to numbers from Agriculture and Agri-food Canada, canola, barley, oats and all-wheat acres are forecast to rise. Both peas and lentils are expected to decrease. Read more


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  • More redgram to be procured this year

    Centre agrees to State plea on higher procurement The Ministry of Agriculture and Farmers’ Welfare has agreed to the Telangana government’s request to enhance the quantity of redgram procurement in the State this year under the price support scheme in the wake of better yield achieved with the help of favourable weather conditions. Agriculture Production Commissioner of Telangana C. Parathasarathi met Union Agriculture Secretary S.K. Pattanayak and Joint Secretary Ashish Kumar Bhutani in Delhi on Tuesday and explained them about the estimated production and the need to procure higher quantity of the food crop to sustain the interest of farmers in the cultivation of pulses. Read more


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