The government of India plans to curb pulses and edible oil imports in its 100-day agenda

Published 2024년 6월 11일

Tridge summary

The Indian Central government is planning to focus on reducing imports of pulses and edible oils as part of its 100-day agenda. The Agriculture Ministry is drafting a new scheme to achieve self-sufficiency in pulses by 2027. Despite improvements since 2011, the demand-supply gap for certain pulses is widening, necessitating annual imports of 2.5-3 million tonnes. India's agriculture exports touched USD 48.9 billion in 2023-24, down 8% from the previous year. Pulse imports hit a six-year high of USD 3.75 billion against USD 1.94 billion in 2022-23. The government will also focus on oilseeds, biofuel, and farmer welfare as part of this agenda.

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Original content

(MENAFN- KNN India) New Delhi, Jun 11 (KNN) The Central government is planning a special focus on reducing imports of pulses and edible oils as part of its 100-day agenda. A senior official said stringent policy measures similar to those taken over the past 1.5 years will be introduced. The Agriculture Ministry is drafting a new scheme aimed at achieving self-sufficiency in pulses by 2027 to cut huge import expenses. Despite improvements since 2011, the demand-supply gap for pulses like tur, urad, and masur is widening, necessitating annual imports of 2.5-3 million tonnes. India's agriculture exports touched USD 48.9 billion in 2023-24, down 8 per cent from the previous year. While edible oil imports dipped, pulse imports hit a six-year high of USD 3.75 billion against USD 1.94 billion in 2022-23. The official stated, "Our agenda will focus on oilseeds, pulses, biofuel, and farmer welfare. Reducing the import bill and price stabilisation of agri commodities are major ...

Source: Menafn