India Plans Domestic Sale of Pulses to Prevent Rotting
- Rush to sell pulses to avoid half of reserves getting damaged
- Sale of pulses may lower prices, hit winter sowing: Dongre
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India is likely to sell about 1 million tons of pulses domestically to avoid its stockpiles rotting in warehouses.
The government is attempting to sell the reserves in the open market and to some states and organizations such as railways and defense forces, according to two people familiar with the matter who didn’t want to be identified, citing rules. That would account for about half of the total inventories held by the world’s largest consumer, they said.