Indian diplomats are in talks with the Myanmar government after tur prices, which had softened slightly in April due to the government's stock disclosure directive, started moving up again.
Tur and urad have a share of over 70% in India’s pulses import basket, and Mynmar is a major producer of both. But on top of a dip in domestic production, Indian importers are reportedly hoarding tur in Myanmar.
The upswing in prices, which is due to a shortage in the domestic market is likely to persist until the new season begins in October, a top government official said.
The department of consumer affairs has written to the ministry of external affairs “to ensure regular flow of imports from Myanmar, as India has a Memorandum of Understanding signed with the country to import 250,000 tonnes of urad and 100,000 tonnes of tur through private traders. The Indian embassy in Myanmar is also in talk with the local government and private traders," the official said.
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