18-10-2024 11:28 AM | Source: Kedia Advisory
India`s Pulses Imports Surge 73% to $2.18 Billion H1FY25 by Amit Gupta, Kedia Advisory

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India's pulses imports surged 73% in value during the first half of FY25, reaching $2.18 billion compared to $1.27 billion last year, according to Commerce Ministry estimates. September imports rose by 34.79% to $425.78 million. Key contributors to the import growth included tur, urad, and desi chickpeas, driven by a supply gap due to declining domestic output. However, lentil and yellow pea imports slowed down amid higher domestic production. The government had removed import restrictions to stabilize prices after adverse weather affected local output. Estimates suggest imports of yellow peas may reach 3.5 million tonnes by year-end.

Key Highlights

* Pulses imports surged 73% to $2.18 billion in H1FY25.

* September imports rose 34.79% year-on-year to $425.78 million.

* Import growth driven by tur, urad, and desi chickpeas.

* Lentil imports declined due to increased domestic output.

* Yellow pea imports may hit 3.5 million tonnes by December 2024.

India's pulses imports saw a significant jump of 73% in value during the first half of FY25, reaching $2.18 billion compared to $1.27 billion a year ago. According to quick estimates from the Commerce Ministry, imports in September alone increased by 34.79% year-on-year to $425.78 million. This surge in imports reflects the persistent demand-supply gap, especially for pulses such as tur, urad, and desi chickpeas, amid lower domestic production.

Tur imports have increased due to reduced local output, driven by adverse weather and declining yields. Import volumes for April-September are estimated at 6.09 lakh tonnes, up from 2.74 lakh tonnes last year. Similarly, urad imports reached 4.08 lakh tonnes, reflecting a rise in demand. Despite improved rainfall, lower acreage has kept domestic output below demand levels.

Conversely, lentil imports saw a decline due to higher local production, with volumes expected to fall to 3.85 lakh tonnes from 8.02 lakh tonnes last year. Yellow pea imports, however, may reach 3.5 million tonnes by December, supported by extended import windows and increased contracting in recent months.

Finally

Pulses imports surged to fill supply gaps, especially in tur and urad, while lentil and yellow pea inflows adjusted to rising domestic output and import policies.

 

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