Strengthening rupee against the dollar which made imports cheaper also influenced the sentiment to some extent
By bringing down the gap between retail and wholesale prices, retail traders would be dis-incentivised to store pulses beyond a reasonable time
With past investments stuck, investors seek assurance from the African government over returns on investment
Importers accuse domestic traders of pushing up prices
Select pulses led by gram drifted further lower by Rs 200 a quintal at the wholesale pulses market on Tuesday, dragged down by pick-up in supplies, after the government took steps to curb rising prices amid slackened demand at current levels.
India, the world's largest producer, had imported about 4.5 million tonne in the corresponding period of the previous year
The government recently decided to enhance the buffer stock limit of pulses to 0.8 million tonnes for making market intervention when prices firm up in retail markets
The CEA said govt has incentivised cultivation of pulses by raising the minimum support price
Another delegation is in Myanmar to discuss availability of pulses for import from there
Retail pulse prices have been rising as its output is estimated to have declined to 17.06 million tonnes in 2015-16 crop year
India is the world's largest producer of pulses, but its domestic demand outstrips production
The Centre is asking states to seek allocation of pulses from the buffer stock and sell at prices not exceeding Rs 120 a kg
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Govt has also decided to give a bonus of Rs 100-200 per quintal for oilseeds, said Agriculture Minister
Last year, pulse production was 171 lakh tonnes whereas requirement was 226 lakh tonnes
Paswan blamed hoarding as one of the prime factors for rising prices of pulses
The production of pulses is estimated to have risen to 17.33 MT in 2015-16, as against 17.15 MT in the previous year
Lower output and inadequate policy are some of the reasons
Empowers states to put stock limits, Sebi raises margins sharply on chana futures and IT raids traders
This is in order to avert price spikes in the coming months