According to the Indian government, in the

Posted By: Religare
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According to the Indian government, in the near future (next 2-3 years) the supply of pulses in the country would be the single most important problem for the government. For over a year now the pulses are still showing double digits inflation rates. For the current crop year i.e. from July 2010 to June 2011, the Indian government is expecting that the country will witness an increase in the production of pulses. As per estimates the increased production will be in the range of around 2 million tones. According to Cabinet Secretary K M Chandrasekhar, "So far as pulses are concerned, it is going to be a critical problem not only for now, but will be a problem for the next 2-3 years. This is because we don't have enough and our supply-demand mismatch is estimated at 6 mt." The Indian Agricultural Ministry has revised its estimations of production of pulses for the 2009-10 crop year. As per revised estimations, the ministry has reduced the production levels of pulses to 14.59 mt from earlier 14.77 mt. According to Agriculture Secretary P K Basu, "There is a gap in pulses production (and demand). We are targeting 16.5 mt this year, which is a two-million tonne jump over the previous year. Because of good rains, we hope to have good pulses production this year." Despite the increase in the production level of pulses on YOY basis, the domestic demand has not been able to met which stood at around 18-19 mt. The pulses are showing strong demand because it is the major source of proteins for a country with a population of over 1 billion. In order to meet the current supply deficit, the government is planning to augment the import of the commodity.

Story first published: Wednesday, October 6, 2010, 16:20 [IST]
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