Oct 26, 2017 | 06:38
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India will not need to import pulses in the next two years and the country will be self sufficient to meet the domestic demand, the Agriculture ministry said in a statement, reports.
The production of pulses stood at record 22.95 million tonnes in the 2016-17 crop year (July-June) as against 16.35 million tonnes in the previous year. The country imported about 5 million tonnes of pulses last fiscal.
With bumper output and low domestic prices, the government has recently restricted import of some varieties of pulses, which will lead to reduction in imports this fiscal.
The ministry said the government is focusing on raising the production of oilseeds to cut imports of edible oils.
Makes you wonder how many games go on in Grain buying world wide.
Bullshit yield reports and hand to mouth just wouldn't cut it if we had a real natural disaster.
Oct 26, 2017 | 06:54
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Not sure what to replace the pulse crop acres with for next year.....soybeans were a bit of a wreck....there is very little subsoil moisture. ...wheat and durum are a joke for a return considering the west coast prices.....although that shouldn't matter. ....canola seed is a retarded price considering having to spray for flee beetles anyway....
Oct 26, 2017 | 08:04
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Pulse bids for the last two months have been very weak. The only exception is domestic use.
India is one of the larger pulse buyers but there are others. With India stepping back from the table will likely cause the rest to drop there import prices.
More sellers than buyers isn't a great thing for prices.
Demand usually ramps up come January/February. Interesting to see what happens then.
Pulse bids for the last two months have been very weak. The only exception is domestic use.
India is one of the larger pulse buyers but there are others. With India stepping back from the table will likely cause the rest to drop there import prices.
More sellers than buyers isn't a great thing for prices.
Demand usually ramps up come January/February. Interesting to see what happens then.
Demand in general for pulses is highest in first 5-6 months of the crop year. Australia will harvest a big crop of reds in Dec and India in Feb.
I have been saying this for months, even with a moderate increase in demand, prices in general will be lower in the new year not higher.
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Originally Posted by Kinger
