Due to heavy import pressure, the price of pulses is likely to fall below MSP.

24-Jan-2025 07:34 PM

Due to heavy import pressure, the price of pulses is likely to fall below MSP. Mumbai. Due to the import of pulses in large quantities from Myanmar, Canada, Australia, Russia and African countries and the ongoing import, there is a heavy pressure on the prices due to increased supply and availability in the domestic sector.

As a result, the price of pulses is likely to fall below the minimum support price (MSP) set by the Central Government in the coming time.

Rahul Chauhan, Director of I Grain India, says that the time limit for duty-free import of pulses is being extended regularly.

But this situation is favorable for the government to create a buffer stock of all pulses and this golden opportunity should be taken advantage of.

The government has already announced the purchase of pulses under the Price Support Scheme (PSS) and Price Stabilization Fund (PSF) Scheme for buffer stock.

According to Rahul Chauhan, the government can extend the time limit for duty-free import of yellow peas, urad and gram for the next one year on the lines of tur. At present, this deadline is fixed for yellow peas till 28 February and for urad-gram till 31 March 2025.

Despite better market price, during the current Rabi season, the sowing area of ​​​​gram has increased by only 2.5 percent while the area of ​​​​lentil has declined by 2 percent.

According to Rahul Chauhan, the sowing area of ​​​​crops depends on the price that farmers receive from the sale of their stock.

The price of gram increased rapidly in the year 2024 and in August it jumped to an all-time high of Rs 8000 per quintal.

This encouraged farmers to increase the sowing area, but due to higher returns on wheat and maize, there was limited increase in the area of ​​​​gram.