1/27/2016 MMTC Set to Import 5,000 tn of Pulses The New Indian Express http://www.newindianexpress.com/business/news/MMTCSettoImport5000tnofPulses/2016/01/27/article3246702.ece 1/7 Expressions Auto Indulge Health Tech Education Editorial Photos Videos Edex Social Stream Mobile Prices Property Offers Wednesday, January 27, 2016 GO Home > Business > News By ENS Economic Bureau Published: 27th January 2016 03:55 AM Last Updated: 27th January 2016 03:55 AM Email 1 0 Latest UP Woman Police Officer Conquers Antarctica's Highest Peak Congress Responsible for President's Rule in Arunachal, Has no Basis to Complain: BJP Donald Trump and NEW DELHI: Battling extremes of drought and, unseasonal rains, complicated now by a warm winter, the government is making sure the supply of stocks of pulses available at right time. The government has issued a tender for importing 5,000 tonne of pulses to boost domestic supply and control prices. This is the second tender floated by stateowned MMTC this month. The earlier one was for import of a similar quantity of tur dal for delivery in FebruaryMarch. Fearing a flare up in pulses prices again in 2016 due to little improvement in domestic output, the government has directed MMTC to import more pulses to improve supply and check price rise. The prices of pulses are already trading high at around Rs 180 per kg. Madan Sabnavis, chief economist at CARE Ratings said, “the weather scenario will certainly have an impact on all the three crops, i.e. wheat, pulses and oilseeds. Already, we have seen the prices of pulses increased to an unprecedented level. As prices pressure situation continues, pulses will be worst affected Don't miss it MMTC Set to Import 5,000 tn of Pulses 0 Like Over 10k Spectators Brave Winter Chills, Witness 67th RDay Parade As Nation Shows Gratitude, Decorates its Bravehearts Home Top News Nation World States Cities Business Columns Cricket Sport Entertainment Magazine The Sunday Standard E‐Paper Business Networking is here! Are you a new start up or have your business? Trepup is the place to be in. Sign up Now! www.trepup.com Upgrade Your Website Earnings Infolinks monetizes outside the banner with smart ads units. Join today! www.infolinks.com Share Photos On Facebook Find & Share Photos with Friends On Facebook. Sign up Today! Facebook.com
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1/27/2016 MMTC Set to Import 5,000 tn of Pulses The New Indian Express
Expressions Auto Indulge Health Tech Education Editorial Photos Videos Edex Social Stream Mobile Prices Property Offers
Wednesday, January 27, 2016 GO
Home > Business > News
By ENS Economic Bureau Published: 27th January 2016 03:55 AM Last Updated: 27th January 2016 03:55 AM
Email 1
0
Latest
UP Woman PoliceOfficer ConquersAntarctica's HighestPeak
CongressResponsible forPresident's Rule inArunachal, Has noBasis to Complain:BJP
Donald Trump and
NEW DELHI: Battling extremes of drought and, unseasonalrains, complicated now by a warm winter, the government ismaking sure the supply of stocks of pulses available at righttime. The government has issued a tender for importing 5,000tonne of pulses to boost domestic supply and control prices.
This is the second tender floated by stateowned MMTC thismonth. The earlier one was for import of a similar quantity of turdal for delivery in FebruaryMarch. Fearing a flare up in pulsesprices again in 2016 due to little improvement in domesticoutput, the government has directed MMTC to import morepulses to improve supply and check price rise. The prices ofpulses are already trading high at around Rs 180 per kg.
Madan Sabnavis, chief economist at CARE Ratings said, “theweather scenario will certainly have an impact on all the threecrops, i.e. wheat, pulses and oilseeds. Already, we have seenthe prices of pulses increased to an unprecedented level. Asprices pressure situation continues, pulses will be worst affected
Don't miss it
MMTC Set to Import 5,000 tn of Pulses
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Upgrade YourWebsite EarningsInfolinks monetizesoutside the banner withsmart ads units. Jointoday!www.infolinks.com
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in terms of prices pressure and wheat and oil seeds may alsoface some increase. There is nothing much government can do,apart from making sure of supply of stocks of pulses available atright time.”
To increase the availability of pulses and put prices undercontrol, the government has offloaded over 1.12 lakh tonne ofpulses, seized from hoarders, in the retail market. According tothe recent tender document, MMTC has invited global bids forimport of 5,000 tonne of pigeon peas of the latest crop fromMyanmar, Malawi, Mozambique or any other origin.
Both technical and price bids should be submitted by February10 and tenders will remain valid till February 16.
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