Pulse Market Likely to Remain Firm

Mumbai. In the domestic market, prices of pulses are expected to remain firm at high levels in the coming period. Following the conclusion of the festive season, the wedding season will begin, continuing through February-March. Due to weather and monsoon conditions that were not entirely favorable for crops, a decline in the production of Kharif pulses—specifically pigeon pea (tur/arhar) and green gram (moong)—is anticipated. The production of black gram (urad) is expected to remain normal.

Internationally, pulse prices have begun to rise in major exporting nations. In Canada, while the production of lentils, peas, and chickpeas (kabuli chana) has declined, carry-over stocks remain high. Although the harvesting of pulse crops there is largely complete, unseasonal rains have impacted their quality. Meanwhile, in Australia, lentil production is expected to increase, while chickpea yields are likely to fall. Harvesting of the new crop has commenced there as well, but untimely rains threaten to affect the quality of the pulses. Pulse prices in both Canada and Australia are currently high and firm.

In African nations, the production of pigeon pea (tur) has fallen short of expectations, whereas Myanmar is projected to see a good harvest of both pigeon pea and black gram. Brazil is also expected to see a better harvest of black gram. Although the weakening of the Indian Rupee has made the import of pulses more expensive, the volume of imports continues to rise.