India expects to increase imports of pulses and edible oil from Brazil

21-Dec-2024 11:05 AM

India expects to increase imports of pulses and edible oil from Brazil
India's Urad Imports (April–October 2024):
Brazil: 21,258 tonnes
Myanmar: 4.42 lakh tonnes
Singapore: 8,000 tonnes
Thailand: 249.7 tonnes
UAE: 735 tonnes
USA: 250 tonnes
Total: 4.72 lakh tonnes
Annual Urad Import Data:
Last financial year: 3,998 tonnes from Brazil, 6.07 lakh tonnes from Myanmar (total: 6.24 lakh tonnes).
November 2024 (expected): 45,948 tonnes from Myanmar, 21,258 tonnes from Brazil.
Production Trends:
Brazil:
Urad production increased by 10,000 tonnes last year, reaching 40,000 tonnes this year.
Expected to double next year.
Myanmar:
Last season's production: 5 lakh tonnes.
Current year estimate: 6.5 lakh tonnes, based on sowing data.
India: Urad production has decreased domestically, contributing to increased import dependency.
Phytosanitary Agreement:
India and Brazil are expected to sign a phytosanitary agreement for the import of sunflower oil, boosting trade in edible oil.
Key Points:
India relies heavily on imports for urad, particularly from Myanmar and Brazil.
Production growth in Brazil and Myanmar is aligning with India's rising demand.
Collaborative agreements may diversify India's import basket, including sunflower oil.