Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Opinion / Online-views/  PEC to sell unspecified quantity of imported pulses
BackBack

PEC to sell unspecified quantity of imported pulses

PEC to sell unspecified quantity of imported pulses

Premium

PTI

New Delhi: State-run trading firm PEC has invited bids from traders for sale of unspecified quantity of imported pulses in the domestic market.

Bids would close on 3 July and the decision on the tender would be taken by 7 July, the company said on its website.

PEC plans to sell tur, lemon tur, chick peas and yellow peas imported from Malawi, Mozambique, Australia and Canada, it said.

The minimum bid quantity for yellow peas would be 3,000 tonnes, while for other pulses, it is 500 tonnes each, the tender notice said.

Pulses are offered as is where is basis at Mumbai and Tuticorin, it added.

The government had announced early last year that it would import 15 lakh tonnes of pulses during 2007-08 fiscal through public sector trading firms MMTC, PEC, STC and cooperative major Nafed.

It plans to import 15 lakh tonnes of pulses this year as well. Pulses production in the country is estimated at 15.19 million tonnes in 2007-08 crop year, compared to 14.20 million tonnes in the previous season.

The domestic demand of pulses stands at around 17-18 million tonnes and the gap would be met through imports.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 30 Jun 2008, 12:46 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App