Money9: Why are the prices of pulses rising, has the domestic supply reduced due to exports?
There has been a steady increase in pulses exports from the country for some time now and this increased export is limiting the domestic supply. Due to this the prices of pulses are increasing in the domestic market. And this is happening because exports have disturbed the balance.
Prices of pulses rising in the country (PTI)
Money9: Oil, vegetables and fuel have already spoiled the kitchen budget and now pulses have also been included in this list. Inflation of pulses has increased in most cities of the country during July. There has been a jump in the prices of tur dal by 4-12 percent. The price of urad dal has become costlier by 3-13 percent. Despite the record yield in the country, the prices of pulses are increasing. During the crop year 2021-22, the country has produced 277.5 lakh tonnes of pulses, which is the highest ever production and is about 23 lakh tonnes more in 2021-22 than in 2020-21. On top of that, the cultivation of Kharif pulses this year is also going ahead as compared to last year. Till July 22, the cultivation of Kharif pulses has been recorded in more than 90 lakh hectares.
However, there has been a steady increase in pulses exports from the country for some time now and this increased export is limiting the domestic supply. During the financial year 2021-22 that ended in March, a record 4.1 lakh tonnes of pulses have been exported from the country. About 1.90 lakh tonnes of pulses have been exported during April and May this year, which is 5 times more than the same period last year.
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