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India fixes 650,000 tonne import quota for pulses for FY20

05 Apr 2019 Evaluate

With an aim to curb imports and push domestic producers, India has fixed a combined 650,000 tonne import quota for pulses for the fiscal year to March 2020. The country has allowed overseas purchases of protein-rich pulse varieties that are a staple of Indian cuisine.

Two straight years of drought pushed up pulse prices in 2015 and forced India to allow duty-free imports. But, record imports of 6.6 million tonnes in the 2016/17 fiscal year led to a crash in local prices. As part of its efforts to curb imports, the government started fixing import quotas in 2018.

India is the world's biggest producer and consumer of pulses, and mainly consumes varieties such as yellow peas, green gram and chickpeas. Farmers in Russia, Canada, Australia and Myanmar mainly rely on Indian demand.