"Further easing of food prices is on the anvil as IMD has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall," says March 2024, monthly economic review of the finance mini
India is a large consumer and grower of pulses and it meets a portion of its consumption needs through imports. India primarily consumes chana, masur, urad, kabuli chana, and tur.
BJP in its Lok Sabha election manifesto promised to support farmers to make India self-reliant in the production of pulses and edible oil, the commodities which the country imports substantially to meet its growing demand.
According to Ministry of Consumer Affairs, Food and Public Distribution, the importers and traders of pulses have been instructed to accurately declare their stocks of pulses, including imported Yellow Peas, every week.
India is a large consumer and grower of pulses and it meets a portion of its consumption needs through imports. India primarily consumes chana, Masur, urad, Kabuli chana, and tur.
According to a press release, the directive mandates the verification of pulses stocks in warehouses situated in major ports and pulses industry hubs, coupled with stringent action against entities found to be furnishing false information on the stock disclosure portal.
India has extended the timeline for duty-free imports of yellow peas by two more months through June 2024, an official notification from the Directorate General of Foreign Trade said on Friday.
According to the report, the country already records a two- to three-fold inflation in the prices of essential kitchen items, including vegetables, sugar, edible oil, ghee, meat, eggs, and pulses.
After the Centre offered a proposal to the farmers that guarantees Minimum Support Prices (MSP) on pulses, maize and cotton, farmer leader Gurnam Singh Charuni said on Monday that the government must add oil seeds and Bajra also under the MSP, warning that if Centre doesn't agree by Febru
Punjab Chief Minister Bhagwant Mann after the conclusion of the fourth round of talks between Union Ministers and farmer leaders said that the farmers had asked for an MSP guarantee on the purchase of pulses.