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  • Prices of pulses on the rise.

    By Mar 02, 2020 12:17 PM

    Prices of rice, beef, pulses and vegetables witnessed an increase over the last week, adding to the pressure on consumers. On the other hand, prices of local varieties of onion, garlic and ginger have declined slightly. Rice, the main staple food, has seen a price hike ranging between Tk 2.0 and 5.0 last week. Seasonal coarse variety Swarna and BR-11 retailed at Tk 38-42 a kg, medium quality Brridhan-28, Paijam and Lata at Tk 46-52 a kg and finer quality Jeerashail, Miniket and Najirshail at Tk 55-68 a kg on Friday, depending on quality. The state-owned Trading Corporation of Bangladesh (TCB) recorded 6.0 to 10 per cent price hike for a few rice varieties in a week. Talking with the FE, traders attributed the increasing rice price to the uptrend in paddy prices. Swarna paddy prices rose to Tk 770-780 a maund (40 kg) from Tk 650 two and half weeks earlier. Off-season Brridhan-28 paddy prices soared to Tk 900 and Miniket to 1200 per maund, registering an increase of Tk 150-Tk 200, said Nilphamari-based trader Hazrat Ali.

  • Consumption Of Pulses, Milk Declining In India, NSO Data Raises Concern.

    By Feb 29, 2020 3:56 PM

    An alternative data of the National Statistical Office (NSO) its survey report on household consumption expenditure for 2017-18, which the organisation withheld in its annual report, points at a slowdown in consumption of pulses and milk. At a global Pulses, Conclave held earlier this month in Pune, it was observed that the consumption of pulses in India is flattening. It rose from 18.6 million tonnes (mt) to 22.5 mt between 2013-14 and 2017-18. It, however, fell to 22.1 mt in 2018-19 and is expected to further slip to 20.7 mt this year. The period between 2015-16 and 2016-17 recorded a drop in consumption alongside double-digit inflation in pulses. The consumption in 2017-18 was at its peak when prices actually fell 20.8 per cent every year. "We need a National Egg Coordination Committee-like body for pulses to push consumption. The campaign they launched in the 1980s helped in positioning egg as a wholesome nutrition food. The time has come for a similar sustained drive promoting pulses as an excellent source of protein, micronutrients and fibre that is also low-fat and cholesterol-free. Apart from pulses, the National Dairy Development Board data also shows that total milk marketing by cooperatives has risen from 201.03 lakh litres per day (LLPD) in 2008-09 to 294.44 LLPD in 2013-14. This figure reached 354.53 LLPD in 2018-19. The compound annual growth rate (CAGR), which was 7.9 per cent from 2008-09 to 2013-14, fell to 3.8 per cent in the past five years. Even as the increase in milk sales from 2013-14 to 2018-19 (60.09 LLPD) was hardly two-thirds of the past five years (93.41 LLPD), it occurred despite lower inflation. Between the period of 2008-09 and 2013-14, prices of full-cream milk in Delhi rose from about ?24 to ?46 per litre. However, in the next five years until March 2019, the increase was only to ?52 per litre. Interestingly, the deceleration in milk sales had occurred when India's milk production went up from 137.7 mt in 2013-14 to 187.7 mt in 2018-19. The stagnation in consumption trend in both milk and pulses is largely affected by incomes and wages, which are also stagnant for the past few years, especially in rural areas. The poorer sections of society still cannot afford to spend on "superior" foods. The average annual growth of wages in rural India during 2014-15 to 2018-19 was a mere 5.3 per cent in nominal terms. The NSO report for 2011-12 had revealed that the daily per capita consumption of milk and dairy products rose more sharply in rural (from 128.87 ml to 144.43 ml) than in urban India (170.23 ml to 180.73 ml) since 2004-2005.

  • Bengaluru: Government mulls reduction of ration rice quantum, add pulses instead

    By Feb 28, 2020 4:06 PM

    Bengaluru, Feb 27: It is learnt that the government has been considering a proposal to reduce the quantum of rice being given to BPL ration card holders from the current seven kg a month to five kg. Instead, it is considering the chances of adding some pulses under its 'Anna Bhagya' scheme. The said scheme was implemented by former chief minister, Siddaramaiah. 4.27 crore people spread over 1.22 crore families in the state are the beneficiaries of seven kg rice under the scheme. The government now wants to provide five kg rice and add some pulses. The government is paying Rs 26 to 28 per kg in the market for rice but gives the same to people free of cost. As the financial condition of the state is not good now, the government wants to cut short the rice and limit it to five kg, which conforms with the central scheme, per ration card.

  • Weak demand dips pulses

    By Feb 27, 2020 4:29 PM

    Amidst steady rise in the arrival of new crop and weak physical demand, pulses and pulse seeds in Indore mandis traded low with tur (Maharashtra) being quoted at ?5,100-?5,150 a quintal, while tur (Madhya Pradesh) ruled at ?4,800-5,000. Tur dal (sawa no.) being quoted at ?6,400-6,500, tur dal (full) at ?6,800-6,900, while tur marka quoted at ?7,300-7,400.

Spot Prices
Cotton: Maharashtra (19/Oct 10:35 AM)

AGD (BB/29M) 37,000 300 0.82 %
Akola (Fardar/25/27M) 0 0 100.00 %
NGP (MECH-1/28M) 0 0 100.00 %
NGP (MECH-1/29M) 37,800 0 0.00 %
Yarn: Punjab (16/Oct 02:35 PM)

Ludhiana(20S Comb(Wrap)) 175 9 5.42 %
Future Prices (19/Oct 10:23 AM)
ICE Cotton No.2 (USC/LB)
Dec 31, 2020 70.83 0.91 1.30 %
Mar 01, 2021 71.45 0.89 1.26 %
May 31, 2021 72.07 0.84 1.18 %
ZCE (Yuan/Ton)
Nov 30, 2020 14,635.00 475.00 3.35 %
Jan 31, 2021 14,895.00 430.00 2.97 %
Mar 31, 2021 15,025.00 495.00 3.41 %
Exchange Rates (19/Oct 10:23 AM)
1 US $ = Rs 73.41
0.07 0.10%
1 UK £ = Rs 94.88
0.05 0.05%
1 Eur € = Rs 85.93
0.11 0.13%
100 ¥en = Rs 69.63
-0.05 -0.07%
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