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Major Pulses hold steady in Mumbai on thin trade volume

26 May 2022 12:58 pm
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MUMBAI, 26 May (Commoditiescontrol) – Prices of major imported pulses were unchanged at Mumbai spot market, on Thursday.

Cabinet Meeting will be held today at 5.30 PM to discuss concerns over growing inflation. The meeting will be chaired by the Cabinet Secretary.

Also volume in cash market reported negligible due to liquidity crunch, dull offtake in processed pulses and rabi & summer crop arrivals.

Overseas imports will arrive at regular intervals as the government has extended the norms for free import of Tur-Urad for one year, till March 2023.

Total Pulses production during 2021-22 is estimated at 27.75 million tonnes which is higher by 3.92 million tonnes than the last five years’ average production of 23.82 million tonnes.

Monsoon forecast by IMD for 2022 to be normal. IMD - This year, the onset of southwest monsoon over Kerala is likely to be earlier than normal date of onset. The monsoon onset over Kerala is likely to be on 27th May with a model error of ± 4 days. Summer pulses sowing was higher.

The depreciation of against USD may provide support to Tur-Urad at lower levels . Landing cost of imported tur-Urad increased as Rupee depreciated to Rupee to 77.60 against US dollar.

Following are rates (Rs/100kg) of various pulses in Mumbai today:

(By Commoditiescontrol Bureau; +91-22-40015513)

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