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Stock advisory Company, India to become self-sufficient in pulses in FY19, on record rabi output
Kharif output also up, rabi record due to higher acreage, favorable agro-climatic condition
Saddled with imports until last year, India is set to achieve self-sufficiency in pulses in FY 2018-19, with a high Kharif output and the likelihood of record rabi season production due to an all-time high acreage and favorable agro-climatic condition.
Until last year, that is 2016-17, India remained heavily dependent on import of pulses of different varieties, including chick peas from Australia, tur from Myanmar and other varieties from Canada and a number of non-consuming but large-growing African countries. Apex industry body, India Pulses and Grains Association (IPGA), puts India’s import at around 5.7 million tonnes of pulses during FY2017, almost similar to 5.8 million tonnes imported during the previous financial year.
According to the Directorate General of Commercial Intelligence and Statistics (DGCIS), India has imported pulses worth $2.47 billion for the period between April and November 2017 to meet its growing consumer demand. During the financial year 2016-17, India had set a record in imported pulses at $4.24 billion, up from $3.90 billion the previous year.
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