{"id":297195,"date":"2024-05-28T19:19:37","date_gmt":"2024-05-28T13:49:37","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=297195"},"modified":"2024-05-28T19:19:37","modified_gmt":"2024-05-28T13:49:37","slug":"inflation-in-pulse-prices-in-india","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/inflation-in-pulse-prices-in-india\/","title":{"rendered":"Inflation in Pulse Prices in India"},"content":{"rendered":"

Source<\/strong>-This post on Inflation in Pulse Prices in India<\/strong> has been created based on the article \u201cWhy dal imports have hit a seven-year high<\/strong>\u201d published in \u201cThe Indian Express<\/strong>\u201d on 28 May 2024.<\/p>\n

UPSC Syllabus-GS Paper 3 <\/strong>– Major Crops – Cropping Patterns in various parts of the country<\/p>\n

Context<\/strong>-The article highlights the issues of increased inflation in price of Pulses in India. Pulse prices faced higher inflation of 16.84% in April 2024, nearly twice that of cereals, affecting households more as pulses are not substantially distributed through the public distribution system.<\/p>\n

What are the reasons for rising pulse prices in India?<\/strong><\/h2>\n

1) The El Ni\u00f1o-induced irregular monsoon and winter rains caused a decline in domestic pulse production from 27.30 million tonnes in 2021-22 to 23.44 million tonnes in 2023-24.<\/p>\n

2) Chickpea (chana) and pigeon pea (arhar\/tur) saw the highest inflation due to sharp output falls from 13.54 million tonnes to 12.16 million tonnes and 4.22 million tonnes to 3.34 million tonnes, respectively, between 2021-22 and 2023-24.<\/p>\n

3) Poor crops in major pulse-growing states like Karnataka, Maharashtra, Andhra Pradesh, and Telangana, owing to deficient rainfall and reduced sowing area, resulted in limited supplies and higher prices.<\/p>\n

Read more- Inflation Management in India<\/a><\/p>\n

What are the implications of price rise of pulses?<\/strong><\/h2>\n

1) Surge in Pulse Imports-<\/strong>India’s pulse imports has reached at $3.75 billion in 2023-24, the highest since the record levels of 2015-16 and 2016-17, totaling 4.54 million tones.<\/p>\n

2) A Reversal of Self-Sufficiency <\/strong>– Imports are rising again after the country became more self-sufficient in producing pulses from 2015-16 to 2021-22, when domestic production increased from 16.32 million tonnes to 27.30 million tonnes.<\/p>\n

3) \u00a0Increasing Imports of Cheaper Substitutes<\/strong>– Imports of cheaper substitutes like yellow\/white peas from Canada, Australia, and Russia are likely to increase further, as they replace more expensive pulses like chickpeas and pigeon peas in household consumption and restaurant menu.<\/p>\n

For ex<\/strong>– imports of red lentils (masoor) from Australia and Canada touched a record 1.7 million tonnes in 2023-24, while yellow\/white pea imports surged from near-zero to 1.2 million tonnes<\/p>\n

What steps are taken by the government to address the price rise of pulses?<\/strong><\/h2>\n

1) The government phased out tariffs and quantitative restrictions on pulse imports to control inflation.<\/p>\n

2) The government has lifted annual quotas on pigeon pea, black gram, and green gram in 2021, reduced duties on red lentils, and removed curbs on yellow\/white peas and desi chickpeas in 2023 and 2024.<\/p>\n

Way forward<\/strong>-The government has already permitted duty-free imports of major pulses like pigeon pea, black gram, red lentils, and desi chickpeas until March 31, 2025, and may need to extend the same for yellow\/white peas beyond October 31, 2024.<\/p>\n

Future pulse prices will mainly rely on the upcoming southwest monsoon. Climate models suggest a shift from El Ni\u00f1o to a “neutral” phase, and perhaps even La Ni\u00f1a, which brings good rainfall to the subcontinent.<\/p>\n

Question for practice<\/strong><\/p>\n

What are the reasons for rising pulse prices in India? What steps can be taken by the government to control the price of pulses?<\/p>\n","protected":false},"excerpt":{"rendered":"

Source-This post on Inflation in Pulse Prices in India has been created based on the article \u201cWhy dal imports have hit a seven-year high\u201d published in \u201cThe Indian Express\u201d on 28 May 2024. UPSC Syllabus-GS Paper 3 – Major Crops – Cropping Patterns in various parts of the country Context-The article highlights the issues of… Continue reading Inflation in Pulse Prices in India<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,8184,10500],"class_list":["post-297195","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-indian-economy","tag-indian-express","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/297195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=297195"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/297195\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=297195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=297195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=297195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}