Pulse Imports Not Beneficial for Farmers, but Favorable for Consumers

17-Mar-2025 08:50 AM

Pulse Imports Not Beneficial for Farmers, but Favorable for Consumers
★ Recently, the government extended the import deadline for tur (pigeon pea) and urad (black gram) to March 31, 2026, imposed a 10% import duty on lentils (masoor), and allowed import of peas with a Bill of Lading (BL) date up to May 31, 2025. A decision on desi chana (gram) is still pending.
★ Due to these factors, a large quantity of pulses was imported last year. From January to December, 6.6 million tonnes of pulses were imported, 45% of which were peas. Currently, 800,000 tonnes of peas are still stocked at ports.
★ The newly imposed import duty on lentils has had minimal impact on the market because an equivalent discount may be offered by Australia. A minimum 25% import duty on lentils was needed to be effective.
★ The central pool has a good stock of lentils, production has increased, and availability of imported lentils is also strong.
★ Overall, lentil availability exceeds consumption.
★ Due to the large supply of peas, the demand for various pulses—including lentils—has declined. Without demand, price increases in the market are unlikely.

Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.