India in advanced talks with Brazil to import urad dal
India is in advanced talks with Brazil for the import of urad to boost the domestic supply and keep prices under control, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday.
India is in advanced talks with Brazil for the import of urad to boost the domestic supply and keep prices under control, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday.
The country imports 7-7.5 lakh tonne of urad annually depending on the demand-supply gap, out of which 74 per cent is imported from Myanmar, he said.
"The agro-climatic condition in Brazil is suitable for producing urad. We are seriously exploring imports of urad from Brazil. The talks are in an advanced stage," the Secretary told reporters. About 2 lakh tonne of urad has been imported from Myanmar so far in the current calendar year, he said.
India is exploring other destinations for sourcing urad in order to reduce its dependency on Myanmar.
Recently, the consumer affairs department warned exporters of pulses from Myanmar against hoarding the commodity as it impacts domestic supplies.
The Agriculture Ministry has estimated urad production at 2.68 million tonnes for 2022-23 (July-June), lower than 2.77 million tonnes from the previous year.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
GAIL share price target: Should you buy, sell or hold GAIL shares? Here's what brokerages make of PSU's Q4 results
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Atal Pension Yojana EPFO National Pension System SWP Retirement Planning schemes provide pension every month
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
10:59 PM IST