Rahul Chauhan, analyst with IGrain India, thinks India’s 2023-24 imports will fall to 650,000 tonnes from the estimated 770,000 tonnes purchased in 2022-23.
Tag Archives India
Indian lentil import expectations mixed despite big crop
"Heavy arrivals" of the lentil crop are forcing prices lower, according to Rahul Chauhan, analyst with IGrain India.
India expected to buy more lentils
Hot and dry conditions predicted for this summer could hurt the crop, but Australia will provide fierce competition
There should be good demand for lentils in Canada’s top market this year, but also fierce competition, says a broker. Vivek Agrawal, director of JLV Agro, a commodity brokerage firm based in Pune, India, thinks India will import 100,000 to 200,000 tonnes more lentils than usual in 2023-24. Pigeon pea prices are sky-high in that […] Read more
Uneven monsoon keeps pulses on edge
Pulse exports look plentiful this year, but a pocket of dry weather in one part of India makes market watchers nervous
Pulse markets will be better supplied in 2022-23 despite lingering concerns in some key producing and consuming regions, says a major processor and exporter of the crop. Will Watchorn, global head of pulses at Viterra, is optimistic about a big rebound in exports. “Canada’s crop this year is looking average to above-average but the final […] Read more
Wheat prices jump as India export ban adds to supply squeeze
May 16 (Reuters) – International wheat prices jumped on Monday as an export ban by India, the latest country to use trade curbs to counter food inflation, threatened to further squeeze world wheat supply strained by the war in Ukraine. U.S. and European wheat futures climbed by nearly 6 percent, with the Chicago market – […] Read more
India raises wheat purchase price by 2 percent, farmers disappointed
MUMBAI/NEW DELHI, Sept 8 (Reuters) – Indian farmers, who have been protesting for months against three new agricultural laws, said on Wednesday the government’s move to raise state-mandated price for new season wheat is not enough to cover the cost of cultivation. For more than eight months, tens of thousands of farmers have camped on […] Read more
New Indian policy threatens lentil sales
India’s new pulse stock limits could put a stranglehold on trade with Canada’s top lentil customer, says Pulse Canada. “As it reads, it looks like it would severely impact the ability to do any type of pulse business there,” said Mac Ross, director of market access and trade policy with the organization. Pulse Canada is […] Read more
India buying lentils again
Canada’s lentil trade with India is resuming and that bodes well for prices, say industry executives. “I’ve heard that four or five vessels of lentils have already been traded by the big companies,” said Vivek Agrawal, director of JLV Agro. The vessels are supposedly booked for shipment in May or June. G. Chandrashekhar, senior editor […] Read more
Indian pulse import restrictions may ease
India’s winter pulse harvest is smaller than the government anticipated, and that could result in an easing of import restrictions, say analysts. Prices of many pulses are above the government’s minimum support price for the first time in four years, said G. Chandrashekhar, senior editor of the Hindu Business Line. “My own personal strong sense […] Read more
Drop in India’s pulse production may see lower import duties
WINNIPEG (MarketsFarm) – There’s a possibility the government of India could lower its import duties on pulses, including those from Canada, according to reports. With India’s monsoon rains having continued longer than usual, production of the country’s kharif (summer) pulse production fell by almost two million tonnes. Prior to the monsoons, market expectations called for […] Read more
