Prices of pulses, like yellow peas, chana, tur, urad, moong are falling since June due to adequate supply from the domestic market and imports. The trend would remain stable till monsoon next year, say experts
Despite dip in the production, the prices of essential pulses such as yellow peas, chana, tur, urad, moong- are expected to remain stable. The prices have been of the declining trend since June due to adequate supply from the domestic market as well through imports.
“We won’t see any reason for the prices of pulses either to rise or go down, further. Despite the depreciation of rupee, prices have been stabilized. There has been decline in the production, but it is marginal. There are no reasons to worry. Rabi and Kharif together declined by 5-7%. There is dip in Rabi acreage due to weather condition,” Bimal Kothari, vice-president, India Pulses and Grain Association (IPGA), told Moneylife.
According to IPGA, in the wholesale market, the prices have come down by around 40% compared to 2009 and 20% as compared to 2010. In Mumbai’s wholesale market, chana is sold at Rs32-Rs33, tur dal at Rs45, urad at Rs32, yellow peas at Rs21.
There is slight dip in the production. For 2010-11, the total production was around 18.3 million tonne, though for the current year government estimates it to be at around 17.5 million tonne.
The current demand is also met through imports. India is a net importer of pulses mainly from countries such as Canada. “Even if there is marginally dip in the production, the gap is been fulfilled by importer. Last year India imported around 2.73 million tonne of pulses. We expect the same importers for this year as well,” Mr Kothari says.
He added, “Out of the total import basket, 50% is yellow peas, which has been imported from Canada, Ukraine, Russia and France. Others pulses such as tur, moong etc have also been imported.”
A Vashi-based trader told Moneylife, “The prices have been in affordable to a common man mainly due adequate supply. Generally in winter season there is availability of fresh vegetables at cheaper prices. This also helps in holding the prices of the pulses at same level.”
Experts point there is scope for improving the yield and productivity. “Lot of research in require in the area of modified and new seeds. Government has already hiked the minimum support price, making pulses growing remunerative for the farmers’. With help of research and sound usage of technology, yield could be increased, making India a self-sufficient pulses growing nation,” Mr Kothari explained.