India Pulses May Trade Firm As Global Production Declines.

Prices of pulses in India are expected to remain firm as global production of pulses may come down by 5% to 57 million tons for the current year. This is when compared to 60 million tons for 2010.

The growing demand and supply constraint of pulses is a major issue in the international market now.

While comparing production rate of pulses with last year, it has shown a considerable decline in production. Pea production has come down to 8.7 million tons from 10.1 million tons , lentil production to 3.9 million tons from 4.2 million tons.

Also, the acreage under pulse production in major producing countries like India, Canada and U.S. are on decline. One of the reasons for the decline of production area in Canada, the largest producer of pea and lentil is unsuitable weather conditions. The planting of different varieties of crops like durum replacing pulses is another major challenge.

Given Yellow pea is one of the cheapest pulses available in the market, India is the largest importers of yellow pea over chana. (Chana is comparatively an expensive commodity).

Production of pulses in India is around 17 million tons with imports expected around 3 million tons to meet the surging requirements.

Source : commodityonline.com