MUMBAI (Commoditiescontrol) – According to media reports imports of nearly 10 lakh tonnes of pulses from neighboring country Myanmar through government channel in under dark cloud as India wanted to pay a much lower rates against Myanmar government proposal to sell at market price.
The deal concerns the India government’s offer to buy 900,000 tonnes of pulses, Myanmar Times reported citing assistant secretary of the commerce ministry U Khin Maung Lwin.
He said “We have informed about our status, but received no reply so far about it. Further they have even not replied to our invitation to sign agreement between the two nation.”
U Khin Maung Lwin said India wanted to buy mung beans at US$700 a tonne, the lowest price India had ever offered, while price has now plunged to just over $860 a tonne due poor demand from India due to expectations of record production there.
“Further the ministry of commerce after negotiations with the Myanmar Pulses, Beans and Sesame Merchants’ Association had informed India in the notification letter that we want to sell at the market price,” said U Khin Maung Lwin.
India imported around 7.26 lakh tonnes of pulses during financial year 2015-16 (Apr-March) against 9.48 lakh tonnes a year ago, according to commerce ministry.
Earlier last year in June government was keen to import pulses from Myanmar to increase availability to curb pulse inflation.
Union Commerce Minister Nirmala Sitharaman said to media in June that the governments of both the countries are in talks for the import of pulses from Myanmar.
But since the country is expected to produce bumper kharif production and positive outlook for rabi crop as well, government is unlikely to go for any major deals as many pulses prices in India has already dropped below minimum support price level and such bulk deal will adversely affect the farmers income further.
Source: Myanmar Times
(By Commoditiescontrol Bureau; +91-22-40015533)
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