MUMBAI – India’s public sector commodity trading firms plan to cut back on imports of pulses like black gram (matpe), pigeon peas (pesingone) and mung beans (pedisane), as domestic prices fall, the Economic Times reported on September 13.

Prices in India had dropped about 20 percent over the previous two weeks due to new arrivals of black gram and pigeon peas, both from local harvests and imports.

Mung bean prices had slipped in anticipation of arrivals of new stocks by October, the Indian newspaper said.

An official with MMTC, India’s top international trading company, said the importer had slowed down purchases as domestic prices returned to more acceptable levels.

MMTC and STC recently floated global tenders to import 74,000 tonnes of pulses to be delivered between October and December.

Prices of pigeon peas and mung beans from Myanmar had fallen from $600 per tonne to $500 in the month to September 13.
– The Economic Times