India: New frontier for Brazilian beans

Published 2024년 4월 19일

Tridge summary

Economist G. Chandrashekhar highlights the potential for Brazilian beans in the Indian market, given India's need to import pulses to satisfy domestic demand. Despite a decrease in imports after 2016-17 due to higher domestic production and government policies, recent climate issues have led to a partial liberalization of pulse imports until March 2025. Chandrashekhar commends the Brazilian Institute of Beans and Pulses (IBRAFE) for its achievements and suggests Brazil could seize this opportunity by exporting non-restricted beans like black-eyed beans and cowpeas, and by tailoring products such as pinto beans to suit Indian preferences. He also advises on establishing Brazilian legume brands in Indian retail and targeting institutional consumers to increase market presence.

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Original content

G. Chandrashekhar, renowned economist and global expert on agribusiness and commodities markets from India, highlights the potential of the Indian market for Brazilian beans, known as pulses or "Dal" in traditional Indian cuisine. Over the past few decades, India has imported pulses to meet growing domestic demand, with varying volumes due to domestic production and changes in trade policy. The country recorded its highest import volume, 6.6 million tonnes, in 2016-17, but a reduction has been observed since then due to increased domestic production and government interventions. However, recent climate challenges have affected Indian agricultural production, including pulses. In response, the Indian government partially liberalized the import of pulses, allowing the import of some varieties until March 2025. The Brazilian Institute of Beans and Pulses (IBRAFE) has sought to explore these opportunities in the Indian market. Chandrashekhar praises the entity's progress in recent ...

Source: Portal Do Agronegocio