India's wheat, pulses output seen rising, to curb imports-trade
India's production of wheat and pulses is expected to jump in 2018 as a hike in the government's assured purchase prices and ample rainfall have prompted farmers to plant more of the winter crops.Higher production will help the south Asian country reduce imports of pulses in the 2018/19 fiscal year starting April 1 and and could allow it to avoid buying overseas wheat for the first time in three years."Given the better realisation there should be at least a 5 percent rise in wheat sowing," said Harish Galipelli, head of commodities and currencies at Inditrade Derivatives & Commodities.
India has imported wheat for the past two years after local production fell due to successive droughts in 2015 and 2016."Chickpeas gave better returns to farmers than oilseeds. Initial reports are indicating a significant jump in sowing.Chickpea, also known as chana, is the main winter-sown pulse crop in India. A rise in chickpea production will help the country reduce pulses imports in 2018/19.India, the world's biggest importer of pulses, shipped in 6.6 million tonnes of mostly peas in fiscal 2016/17.The government's decision to raise the chickpea support price by 10 percent and a recent move to impose a 50 percent import duty on peas will lure farmers to plant chickpea, said Nitin Kalantri, a pulses miller based at Latur in Maharashtra. In 2016/17, India's pea imports jumped 41 percent from a year earlier to a record 3.17 million tonnes.India imports peas mainly from Canada, Russia, United States and France.
Source : Investing
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