Pulse market remains quiet
June 8, 2017
The sub-continent pulse market remains quiet, owing to huge supplies of chickpeas and lentils from Australia as well as various pulses from other origin markets during the first quarter of 2017.
An oversupply plus local crop arrivals into the central and northern Indian markets have restricted demand for imported cargo that supplied these markets during the first quarter of 2017.
Central India has jumped 30% in its production figure, as per the government estimate of 4.3mln mt and against 3.3mln in 2016. However, trade estimates have over-rated the government figures.
There is a bearish tone in the market at present and a sudden disruption in supply or weather hiccup could see trading activities for new crop pulses gain momentum.