Pulses prices drop 10% over imports

New Delhi: Arrival of imported pulses from Africa and Myanmar at Indian ports has led to a 5-10 per cent fall in their prices in the past one week, said traders and millers. The supply will peak by end-August and the start of September, keeping prices weak during the festive season, they said.

Pulses are a key ingredient of snacks and sweets, and their demand increases around the festive months of September and October. India has allowed import of 4 lakh tonnes of tur and 1.5 lakh tonnes each of moong and urad by processors till October 31, to avoid any shortages in the festive season and ensure that prices remain stable.