Pulse Stock in Buffer

07-Mar-2025 11:34 AM

Pulse Stock in Buffer
Source: Dainik Jagran
Total Pulse Stock: 1.45 million tons
Tur (Pigeon Pea): 35,000 tons
Urad (Black Gram): 9,000 tons (Standard: 400,000 tons)
Chana (Chickpeas): 97,000 tons (Standard: 1 million tons)
Masoor (Lentils): 500,000 tons (Standard: 1 million tons)
Key Insights
Extremely Low Central Pool Stock: The main reason is that market prices are higher than the MSP.
Declining Stock Trend: In 2021-22, the stock was 3 million tons, while in 2022-23, it was 2.8 million tons, with chickpeas having the highest share.
Imports to Build Buffer Stock: Foreign tur and lentils were purchased and later sold in the markets.
Massive Imports in 2024: To meet demand, 6.2 million tons of pulses were imported, with peas accounting for almost half of this volume.
Pea Import Duty Reinstated: As of March 1, the import duty and restrictions on peas were restored. However, prices remained stable due to the huge stock at ports and new arrivals of chickpeas/peas.
Market Forecast (According to I-Grain India):
Short-term pressure on pea and chickpea prices due to arrivals.
Prices may rise later as demand picks up.
Overall, market trends depend on government policies.

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.