India’s curbs on import of pulses: Australia, EU, US raise concerns at WTO
India’s decision to extend import restrictions on peas, lentils, beans and other pulses by another year till March 31, 2021 has been objected to by many trading partners such as Australia, the EU and the US on the ground that it is no more a temporary measure and should be removed.
The US, at a World Trade Organisation’s Council for Trade in Goods meeting this week, said it was disappointed that India had extended quantitative restrictions (QRs) on pulses through March 31, 2021. “The EU said that, with extensions totalling three years, this was not a temporary measure and should be removed,” a Geneva-based trade official told BusinessLine.
Kerala’s planters body oppose e-auction platform for rubber trading
The Association of Planters of Kerala has come out against the Rubber Board proposal to set up an e-auction platform for trading natural rubber, saying that the existing system provides fair prices for the commodity and maximum benefit to growers.
The members of the planters body felt that the current open market system, where the elasticity of supply and demand determine the price level, will be the right mechanism for the rubber sector. Ajith BK, Secretary, APK, told BusinessLine that growers could get the maximum https://xanaxlife.com farm-gate price under the current system compared to any other crops cultivated and sold.
Subdued buying by loose tea traders impact prices at Kochi auctions
Subdued buying from Kerala Loose Tea traders has pulled down tea prices, especially that of dust grades, in Kochi auctions this week.
The CTC market was down by ₹1-2 a kg in sale 24 and declined more as the sale progressed. Loose tea traders continued to be restricted and are yet to come out of the effect of lockdown. These traders cater mainly to hoteliers, who are yet to start their operations fully. AVT continued to be the major buyer, but was selective and absorbed lesser quantity compared to the last two weeks.
The quantity offered was 11,87,648 kg, in which 68 per cent was sold. The average price realised was ₹104. Kerala State Civil Supplies and major blenders lent fair support, the auctioneers Forbes, Ewart & Figgis said.