9th September 2023 (9 Topics)
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Pulses are dearer
Context:
The shortfall in pulse production has spurred inflation. The government must ease restrictions, and allow imports.
Concerns Over Below-Normal Monsoon Impact on Pulses
- Reduced Sowing of Key Pulses: The sowing of key kharif season pulses like arhar, urad, and moong has reduced by 8.6% compared to the previous year.
- Diminished Crop Prospects: Low prospects for a robust crop have led to a notable surge in pulse prices over the last two months.
- Surge in Pulse Prices: Arhar prices rose from Rs 10,000 to Rs 12,500 per quintal, impacting moong and chana prices as well.
Prices Surge Above Minimum Support Levels
- Price Escalation Beyond MSP: Prices for Arhar, Moong, and Chana now exceed their official minimum support prices (MSP), causing financial strain.
- International Pulse Price Impact: The situation is aggravated by soaring international pulse prices, with India being a major producer, consumer, and importer.
- Escalating Prices: Landed prices for masoor, the primary imported pulse, have significantly risen, surpassing the MSP.
Recommendations for Government Intervention
- Strategic Use of Stocks: Advocate for judicious utilization of government-held chana stocks through open market operations, possibly limiting bids to actual users/dal millers.
- Revising Import Restrictions: Propose revising restrictions on imported stocks, allowing holdings beyond 30 days, and enabling imports of yellow/white peas without excessive duties or price constraints.
- Facilitating Yellow/White Peas Imports: There is a need for well-considered measures to address the current pulse price surge and stabilize the market.
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