India may extend duty-free imports of yellow pea till May to maintain affordability and availability domestically
₹5,600-5,990 a quintal against a minimum support price of ₹5,440, while that of tur is quoted at ₹10,600-10,900 in key mandis of Karnataka and Maharashtra, as per data from spot traders. “Initially yellow pea import was till 31 March.
When domestic crops also started arriving the intention was to shield Indian farmers however the Red Sea conflict led to delays and the government had to extend the import window. This has led to a huge fall in domestic prices with farmers facing low yields this year as well as a 30% fall in prices from the date of the opening of yellow pea import," said Deepak Pareek, an agricultural economist.
India, which relies on imports to meet its domestic demand of about 28 mt for these three pulses, primarily purchases them from Australia, Canada, Russia, Myanmar, Mozambique, Tanzania, Sudan and Malawi. Despite some improvement since 2011, the gap between demand and supply of pulses is widening and has necessitated annual import of 2.5-3 mt of pulses in the past few years.Milestone Alert!
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