Canada masoor exports down 18% on-month in June.

Masoor exports from Canada in June were down 18% on month at 68,600 tonne. Exports were up 128.7% on year-on-year basis. In June last year, the country had exported 30,000 tonne of masoor. However, so far in the marketing year ending in July, the exports were up at 853,100 tonne as compared to 631,400 tonne in the year-ago period. Canada is a major supplier of pulses in the global market, while India is the largest consumer.

Govt seeks Parliament OK to spend 5 billion rupees on pulses procurement.

The government sought Parliament approval to provide 5 billion rupees for procurement of pulses under the Price Stabilisation Fund. The approval for the additional amount was sought in the First Batch of Supplementary Demands for Grants tabled in Lok Sabha. The government started procurement of legume crops through state and centre-run government agencies to buoy falling prices and help farmers. Last year, the government procured pulses to create a buffer stock of 2 million tonne and to bring down soaring prices. However, a bumper crop subsequently led to a steep fall in prices, prompting the government to intervene and initiate procurement to support the prices.

Rajkot Oilseeds complex.

Edible oil prices were mixed in the early trades. Groundnut oil prices were steady due to restricted buying and selling. Cottonseed oil firmed up due to short supply. Mustard oil eased due to low retail demand. Worries that extreme weather conditions in the US had taken a huge toll on crops also kept prices up.