India's Pulse Import Boom: Doubling Yields, Escalating Values Despite Climatic Challenges
Are you looking to export bulk pulses? Pulses, an integral part of global food and dietary practices, have witnessed a significant surge in demand in India. No doubt, India is an agriculturally rich country, and has a major contribution in the agro commodity exports. Yet, the demand for pulses has significantly outstrips its domestic production, and this time it’s more significant. This presents a golden opportunity for pulses exporters on the market, given the ongoing developments in the Indian pulses sector. Keep reading this informative article if you wish to know trends in the Indian pulses market. So, let us get started.
More About The Increased Demand: As mentioned above, India has experienced an enormous need to import pulses. The statistics speak for themselves, with a staggering 113% surge in pulse imports recorded during the first half of the financial year 2023-24, amounting to a value exceeding $1.26 billion. Lentils, Split Pigeon Peas, and Black Gram have emerged as the forerunners in this import surge, reshaping the dynamics of the market. The primary catalyst behind this surge is the unpredictable and insufficient rainfall that has adversely affected domestic pulse production in India. The country is looking to bridge the gap in supply through imports. This surge in demand has created an opportune moment for pulses exporters to meet the deficit and establish themselves as key players in this evolving market.