Prices of pulses to stay stable despite lower yield
December 22nd, 2011 - 8:49 pm ICT by IANSKolkata, Dec 22 (IANS) The prices of pulses in the country would remain stable next year despite a fall in both kharif and rabi crops on account of adverse weather conditions, the Indian Pulses and Grains Association (IPGA) said Thursday.
“We from the trade and industry expect the prices to remain stable in 2012,” Bimal Kothari, vice-president of India’s apex body of pulses and grains industry and trade, told reporters here.
He said the kharif crop production was showing a decline of 10 percent and the rabi crop was likely to dip by three to five percent.
Pulses production for 2010-11 was 18.3 million tonnes, while the yield estimated for 2011-12 is 17.5 million tonnes.
He said there was also a supply side constraint on the domestic market. “However, imports were taking care of that.”
Currently, India imports around 3 million tonnes of pulses. “If the current production trend remains, the country has to import even 7-8 million tonnes in 2020,” said Kothari.
Kothari also said IPGA will organise the Global Pulses Conclave (GPC) from Feb 15 to 17 in Mumbai.
“Asia is the focus of the world pulses market and GPC will enable stakeholders in the pulses sector — producers, processors, traders, consumers, machinery suppliers, policy makers and others — to get together and plan their business strategies for the year ahead by networking with business associates from around the world.”
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