India's Message to Myanmar: Stop Tur Hoarding

There have been several developments that led to this move from the Indian government. Here's a quick rundown of the situation:

• The price of tur and urad has seen a sharp surge in the Indian market. This increase in cost is significantly higher than the Minimum Support Price (MSP) set by the government.
• The Indian government has taken up this issue seriously and held discussions with those who import pulses from Myanmar.
• The importers have been warned against intentionally reducing imports from Myanmar.
• The government has also sent out a warning to private traders in Myanmar to refrain from hoarding these essential commodities.
• If the situation doesn't improve, the Indian government has expressed its readiness to take the G2G (Government-to-Government) route for importing these commodities.
• Major suppliers have been exploiting the shortage in India, leading to a firm price trend in recent months.
• According to the bilateral agreement, India has committed to import 0.25 MT urad and 0.1 MT of tur annually from Myanmar from 2021-22 till 2025-26.
• India imports approximately 15% of its annual pulses consumption.
• The estimated pulses production in India for the crop year 2022-23 is recorded to be 27.81 MT.
• In March 2023, a committee was set up by the department to monitor the stock of tur held by various entities. This committee works in close coordination with the state governments.