Nafed to dispose pulses through e-auction.
Ram Gopal Yadav (9 years ago)

With a view to disposing of huge stocks of pulses from the last year kharif procurement, Nafed would launch an e-auction platform where traders could sell and buy other agricultural commodities as well. The dedicated portal – www.nafed.agribazaar.com would make things easy for traders to do their business, reports Financial Express. Nafed is preparing customized guidelines for procurement, disposal, and processing of contracts for all the agricultural commodities and food products to be sold through e-platform.

India traders want import cap on moong, urad.
Ram Gopal Yadav (9 years ago)

Lentils traders in India have demanded that New Delhi extend to moong and urad the import restrictions that now apply to tur, seeking to ensure sufficiently remunerative prices for the two varieties of pulses. Some traders believe that prices of urad and moong, already ruling much below the state-set levels, will further come under pressure if overseas supplies are allowed to continue. The Commerce Ministry issued a notification, making changes in the import policy of tur (pigeon pea) by putting restriction of 2 lakh tonne in imports during a financial year. The restrictions apply until 2018. Although the trade still awaits clarification on transit cargo in the high seas and bound for Indian shores, it is also of the opinion that the move would protect local farmers. India is likely to harvest a bumper crop of both urad and moong.