MMTC invites bid for import of 5,000 tn tur dal

Image
Press Trust of India New Delhi
Last Updated : Jan 26 2016 | 10:32 AM IST
Amid production concerns due to back-to-back drought, the government has issued a tender for importing 5,000 tonnes of pigeon peas (tur) to boost domestic supply and control prices.
This is the second tender floated by state-owned MMTC this month. The earlier one was for import of a similar quantity of tur for delivery in February-March.
Fearing a flare up in pulses prices again in 2016 due to little improvement in domestic output, the government has directed MMTC to import more pulses to improve supply and check price rise. The prices of pulses are already ruling high at around Rs 180 per kg.
As per the tender document, MMTC has invited global bids for import of 5,000 tonnes of pigeon peas of the latest crop from Myanmar, Malawi, Mozambique or any other origin.
Both technical and price bids should be submitted by February 10 and tenders will remain valid till February 16.
MMTC said bids should be for a minimum quantity of 2,500 tonnes and the shipment should reach Jawaharlal Nehru Port Trust and Chennai port by April 15.
The trading firm had last year imported 5,000 tonnes of tur dal to check prices. It however did not get response for an import tender for urad.
Expecting low production for a second year in a row, Food Minister Ram Vilas Paswan had recently asked the Commerce Ministry to direct trading firms to speed up the process of imports in order to overcome any output shortfall.
Pulses production in 2015-16 crop year (July-June) is expected to be much below the earlier estimate of around 18 million tonnes because of poor sowing of rabi crops. Production in 2014-15 was at 17.38 million tonnes.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 26 2016 | 10:32 AM IST

Next Story