131 A reduced pigeon pea harvest in 2022-23 is anticipated to heighten India’s demand for imports, prompting traders to explore sourcing options from Myanmar to bridge the shortfall. A disagreement between competing Mozambican trading companies has disrupted the import of pigeon peas, a sought-after pulse in India facing scarcity, resulting in local price hikes and shipment delays. In December, the Indian Pulses and Grains Association (IPGA) raised concerns about a prominent exporter in Mozambique allegedly impeding other firms from exporting pigeon peas to India, affecting availability in the market. As per a Reuters report dated January 19, a Mozambican court’s ruling prohibited the Export Trading Group (ETG), a major African commodity firm, from shipping a consignment of pigeon peas to India, marking the latest development in a prolonged dispute causing unease among Indian traders. On January 17, ETG sought legal intervention to block the shipment of approximately $60 million worth of pigeon peas and other food items from Mozambique, alleging collusion between local authorities and a trader to unlawfully seize its assets. India holds a bilateral agreement with Mozambique, committing to import up to 200,000 tonnes of pigeon peas over the long term. You Might Be Interested In Shiba Inu’s Token Burn Spikes Over 300% in 24 Hours Indian banking sector stocks shine in Q4, outperform Asian counterparts Wall Street Concludes Sharply Lower Amid Mixed Earnings, Persistent Inflation, and Geopolitical Concerns IMF Lowers Philippine Growth Outlook Production Halt and Reduced Output Damage Tesla Shares Apple’s Strategic Play: Could ESPN Be the Next Big Acquisition?
