STC to sell over 7,000 tonnes imported pulses

STC to sell over 7,000 tonnes imported pulses


New Delhi: Government-owned trading firm STC has invited bids for sale of 7,200 tonnes of imported pulses in an effort to check the prices of the commodity in view of a surging festive demand.

All four public sector firms — STC, MMTC PEC and Nafed — had offered to sell over 1.7 lakh tonnes of various pulses during September.

STC plans to sell 4,000 tonnes of urad, 3,000 tonnes of green moong and 200 tonnes of arhar (lemon tur whole) this month. The last date of submission of bids is 15 October, the company said. It would take a decision on the bids by 25 October.

Pulses are imported from Myanmar, MMTC said, adding the offer should be for a minimum lot of 500 tonnes except for arhar. The pulses are lying at CWC warehouses in Navi Mumbai.

MMTC decided to offload 36,750 tonnes in September while STC sold 27,219 tonnes of pulses. Another public sector trading firm PEC has sold about 10,000 tonnes and had offered to sell 41,200 tonnes last month.

National Agricultural Cooperative Marketing Federation (Nafed) also invited bids for sale of 43,500 tonnes of yellow peas of Canadian origin after selling about 13,000 tonnes in September, a Nafed official said.

So far, these agencies have contracted to import 10.4 lakh tonnes of pulses, of which over 2.54 lakh tonnes have arrived in the country. The government had said in April it would import 15 lakh tonnes of pulses this year for stabilizing the prices of the commodity in view of the demand-supply mismatch. It is importing pulses through STC, MMTC, PEC and Nafed and subsidizing them by 15% of their cost on import.