"Private importers have contracted 25 lakh tonnes of pulses, which will arrive between October 15 and January 31, 2016. Out of these 25 lakh tonnes, 2.5 lakh tonnes have already arrived at Mumbai port in the last seven days.
"We expect the prices of pulses to drop appreciably in a next few weeks on the back of large quantities of pulses scheduled to arrive at Indian ports," IPGA Chairman Pravin Dongre told reporters here.
However, when asked about the skyrocketing prices of tur dal, Dongre said, the situation will ease but not drastically.
"The global production of tur has been affected due to poor weather conditions globally affecting the availability that resulted in increase in global prices to USD 1,500-1,600 per tonne of African tur. Last year the prices were ruling at at USD 750 per tonne. Similarly, in India we are concerned about the tur crop, which will be harvested in December, due to deficient rainfall," he added.
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Dongre also urged the Centre to withdraw the stock limit exemption for imported pulses as large amount of stocks that are due to arrive at Indian ports.
"The stock limit will hinder the smooth flow of supply hampering the imports leading to severe scarcity of pulses in the country. It will also damage the reputation of Indian traders globally due to cancellation of import orders," he added.