India gets first tranche of imported pulses

India, which is facing shortage of pulses, has received the first trance of 1,872 tonnes of tur dal, an official statement said on Monday.
The pulses, whose tender was floated by state-run Metals and Minerals Trading Corporation of India (MMTC) recently to tame the rising prices, were being allocated to states as per their requirements, it added.
"The first tranche of 888 tonnes and 984 tonnes of tur dal has arrived at Chennai Port and Mumbai's JNPT on September 23 and September 24 respectively," the consumer affairs, food and public distribution ministry said in the statement.
The remaining consignment of 5,000 tonnes of tur (pulse), already ordered for the import, would be received soon, it added.
Besides, the MMTC, which handles trading of primary products such as coal, iron ore, and manufactured agro, would also open the bids for importing additional 5,000 tonnes of tur on October 1.
Meanwhile, the consignment of 5,000 tonnes of urad (pulse) from Myanmar will reach India by October 20.
During the fourth meeting of the inter ministerial committee on prices and availability of essential food items chaired by Consumer Affairs Secretary C. Viswanath here, it was also disclosed that the first tranche of onion is expected to arrive from China and Egypt on October 3.

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The base metals pack traded on a mixed note in yesterday’s session on the back of unfavorable employment figures from the US economy acting as a negative factor. Further, strength in the DX exerted downside pressure on the prices.

Copper
LME Copper prices plunged around 0.6 percent yesterday on the back of unfavorable non-farm employment figures from the US hinting towards slow growth in world’s largest economy. Further, strength in the DX exerted downside pressure on the prices.

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Copper prices jumped by 2 percent as the People’s Bank of China provided 500 billion yuan ($81.34 billion) of liquidity to the country’s five biggest banks as Premier Li Keqiang moves to support economic growth.

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U.S. stocks fell for a third straight day on Wednesday, dragged lower by retail stocks after a report showed consumers spent less in the holiday shopping season than last year.
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U.S. gold lost half a percent to $1,667.30.

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Three-month copper fell $44.50 to end at $7,640 a tone.

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The most active December copper contract on the Shanghai Futures Exchange edged down 0.5 percent to 55,700 yuan ($8,800) per tonne.

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Three-month copper on the London Metal Exchange had fallen 0.6 percent to $7,638.

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The dollar hit a global session high of 79.57 yen.

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The most active December copper contract on the Shanghai Futures Exchange closed the session 0.8 percent higher at 54660 Yuan ($8600).

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The euro stood at $1.3248, having jumped one percent on Tuesday to a peak of $1.3270, its highest since mid-December, after knocking option barriers at $1.32 and stops at $1.3220.

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The benchmark Nikkei gained  0.7 percent to 8,981.03,hitting a fresh three-month high, while the broader Topix  added 0.6 percent to 777.48.

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U.S. Treasury debt prices fell on Tuesday as investors set up for this week’s $72 billion quarterly refunding and a safety bid waned following a report Greece was close to agreeing terms of a financial bailout.

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