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Prices of tur, urad, moong and yellow peas to remain stable

Prices of pulses like tur, urad, moong and yellow peas, are already down by 40% since their peak in 2009 and are likely to remain stable in coming months due to adequate stock and good production

Prices of pulses such as tur, urad, moong and yellow peas are expected to remain stable due to the adequate imports and expectation of good production in the coming rabi season. Experts say availability of fresh vegetables in the winter season also plays a key role in keeping prices of pulses under control.
 
Bimal Kothari, vice-president, India Pulses and Grain Association (IPGA), told Moneylife “According to our estimates the rabi crop should be fine. Generally, in the months of December and January there is decline in the demand for pulses due to availability of fresh vegetables. This helps in containing the prices of pulses.”
 
According to Mr Kothari, India, being the net importer of pulses, has so far imported around 1.5million tonnes of yellow peas, moong dal, tur, urad from countries like Canada, Australia, Myanmar and Africa.
 
Expert say that the above average rainfall, as compared to last year, is good for better rabi production as it helps improve the moisture levels of the soil. “We are expecting the pulses production for 2011-12 to be around 1.6 million tonnes,” says Mr Kothari.

According to the data from the ministry of agriculture, an area of about 4.50 million hectares has been under rabi pulses plantation, an increase from 3.68 million hectare as compared to last year, till first week of November.
 
In order to encourage farmers to take up pulses cultivation, the government has hiked the minimum support price (MSP) on chana and masur dal. MSP, for both the pulses, has been fixed at Rs2,800 a quintal, an increase of Rs700 per quintal for chana and Rs550 per quintal for masur as compared to last year’s prices.

Mr Kothari says, “I don’t see any reason for the prices to go up. They have actually been subdued by 40% compared to the prices of 2009, where it had reached to its peak. Overall, the pulses prices have negative contribution to the inflation. Expectation of good rabi production, higher MSP will balance the prices in favour of the consumers. The result is already seen in the wholesale market.”

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COMMENTS

anand

5 years ago

We would like to know the prevailing rates for
YELLOW PEAS - WHOLE
YELLOW PEAS - SPLIT
RED KIDNEY BEANS
GREEN MUNG
RED LENTILS.
Can you also provide us some names with their email id of the above said EXPORTESR in the world.

Thanks
Anand

Orix International

5 years ago

FAO and Macenzie report bullish trend in Agro commodities for next 20 years. On Y/Y basis, there may be dips and spikes.Global rajma production in 2011 indicate bullish trend till june 2012. More discussion on skype welcomeorix - global pulses broker

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