Pulses Agreement

Sunil Kumar Singh, managing director of the additional NAFED, said the national procurement authority alone had 40 tonnes of pulses in their warehouses — a record — apart from stocks of traders and farmers. For example, a favourable trade agreement with Ukraine and increased quotas for wheat, maize and barley have improved Ukraine`s competitive position. Product review and control is still part of the trade in cereals, legumes and oilseeds. But if you are destined for health market chains in organic ingredients or cereals, you expect your product to be rigorously tested by your buyer, especially in Northern European markets. A quality requirement is easy to make and is often excessive pesticide residues. In 2016, following rising pulse prices and angry consumers, India signed a moU to double impulse imports, mainly Arhar, from the East African country over a five-year period. This forces India to buy 1.5 tonnes of lakh from Mozambique this year. The government has also considered the possibility of similar long-term agreements with countries such as Kenya. 3. As a result, in the 2020-21 financial year, 2.00,000 MT Pulse, to be imported from Mozambique, are allowed to be imported under the following conditions: Payment conditions vary according to supplier-customer relations and the products concerned.

The payment conditions frequently used in the trade of cereals, legumes and oilseeds are cash against documents (CAD) and letters of credit (L/C). Using payment terms that are acceptable to you and your customers is important to maintain business while reducing risk. But with the fall in pulse prices in India — after a record harvest of 23 million tonnes in 2016/17 and an increase in imports of 6.6 million tonnes — the import of 125,000 tonnes of pigeon peas from Mozambique in 2017-18 seems to be a commitment that New Delhi cannot meet. And it is a development that could seriously damage India`s reputation on the resource-rich continent, where India has sought to strengthen its economic, political and strategic presence in the face of China`s growing footprint. The EU Government has allocated quotas for the import of pulses and is implementing an additional import agreement with Mozambique at a time when domestic stocks are highest, domestic production is expected to be high and prices are collapsing. Farmers and millers are dissatisfied with the situation, but the government says it balances the needs of Indian consumers with obligations to foreign trading partners on the one hand, with the interests of Indian farmers, on the other.

Написано вБез рубрики