Pulses importers and corporate buyers have started booking Tur in large quantities in Myanmar, one of the world’s largest exporters of pulses, to ship into the country as and when the government opens up imports, possibly early next year.
They have booked 300,000-400,000 tonnes and planning to store their inventory in Myanmar till the government lifts restrictions on imports.
Indian traders’ presence in Myanmar will not only ensure Tur supply during the lean season but also control its price. Indian consumers paid Rs 200 a kg for Tur dal in April 2016.
Till July, Pulses importers were bringing the entire purchases directly to India. In August, the government restricted imports of Tur in order to arrest its falling price and to help farmers with better realisation.
These traders had booked large quantities in the domestic and international market in early 2017 in anticipation of rising price but they burnt their fingers.
They have booked 300,000-400,000 tonnes and planning to store their inventory in Myanmar till the government lifts restrictions on imports.
Indian traders’ presence in Myanmar will not only ensure Tur supply during the lean season but also control its price. Indian consumers paid Rs 200 a kg for Tur dal in April 2016.
Till July, Pulses importers were bringing the entire purchases directly to India. In August, the government restricted imports of Tur in order to arrest its falling price and to help farmers with better realisation.
These traders had booked large quantities in the domestic and international market in early 2017 in anticipation of rising price but they burnt their fingers.
