The state governments in India have taken effective steps over the past few months to control the supplies and costs of pulses in the face of a potentially high deficit, and there have been other resulting economic benefits as well. Lower Lentil/Pulses Prices Good for Domestic Market The state governments in India became strict over the past few months, implementing stock limits on pulses, organizing raids and releasing the confiscated supplies in the market. The fear tactics worked as the wholesale prices of tur (pigeon pea), urad (black lentil) and masoor (red lentil), which are the main pulses, have declined 37.5 percent, 24.62 percent and 33.21 percent, respectively, from their peak in the third week of October 2015. However, retail p...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
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