A better crop anticipation in the country pulled down pulses import by 11 percent to 269.729 million dollars from July 2013 to May 2014, importers said on Friday. "This year pulses yield is good in the country which reduces the pulses import," said Chairman Karachi Wholesalers Grocers Association (KWGA), Anis Majeed. The sizeable pulses production also helped local market stay stable, he added.
The country's import bill of pulses slid by 32.645 million dollars from July 2013 to May 2014 as compared to the commodity's import of 302.374 million dollars in the same period of last fiscal year, Pakistan Bureau of Statistics (PBS) mentioned. However, volume of pulses import grew by 14,311 metric tons (3.3 percent) to 447,796 metric tons from July 2013 to May 2014 from 433,485 metric tons in the same period of last fiscal year, the statistics suggested.
In May 2014, pulses import grew by 10.391 million dollars (53.03 percent) to 29.991 million dollars as compared to the commodity's import of 19.600 million dollars in May 2013. In term of volume, pulses import surged by 18399 metric tons (61 percent) to 48,568 metric tons in May 2014 from 30,169 metric tons in May 2013, the PBS indicated. Majeed said the country's pulses yield was around 0.5 million tons this year, which was one million tons last year that made the importers anticipate a gap between supply and demand. "However, the importers found big carryover stocks of pulses from last year's yield by around 0.3 million tons that helped stabilise the market," he said.
"Overall the local market is steady in term of pulses supply and prices," he mentioned. Pakistan depends on Australia, Burma, Tanzania and Ethiopia for its pulses import to satisfy about 0.6 million metric tons demand for the commodity every year. However, Anis Majeed said pulses import is based on crop yield in the country, as good production always helps the country to scale down its global dependency for the crop.
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