Global traders warned over price manipulation in pulses
Financial Express Mumbai|February 16, 2024
CONSUMER AFFAIRS SECRETARY Rohit Kumar Singh on Thursday issued a warning to pulses traders globally, particularly those from East Africa and Myanmar, urging them to abstain from price manipulation. This advisory comes as the country relies heavily on imported pulses.
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Global traders warned over price manipulation in pulses

"Sometimes in some geographies, especially east Africa and Myanmar, there are traders who take advantage of the situation, please do not take us for granted, we have a mechanism to control it," Singh said at the inauguration of the Global Pulse Confederation (GPC)'s convention - Pulses 24.

According to the department of consumer affairs, in 2023, the country imported 3.1 million tonne (MT) of pulses out of which import of masoor (lentils) was 50% of the total volume. Tur (pigeon peas) and urad imports were around 0.88 MT and 0.6 MT, respectively, last year.

At present, the country produces 28 MT of pulses, which is largely sufficient to meet the domestic demand. However, in terms of production and consumption of pulses varieties tur,urad and masoor-"there is a slight mismatch", sources said.

هذه القصة مأخوذة من طبعة February 16, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 16, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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