India plans to achieve self-sufficiency in pulses in the next 3-4 years

Published 2024년 6월 20일

Tridge summary

India's Ministry of Agriculture is launching a scheme to achieve self-sufficiency in pulses by 2027, in an effort to reduce the high import costs of pulses and edible oil. The country has reached a six-year high in pulse imports, spending $3.75 billion. The government is focusing on oilseeds, pulses, and biofuels to reduce import costs and stabilize agricultural prices. The country is also taking steps to become self-sufficient in grain legumes in the next 3-4 years and increase crude palm oil production to 1.1 million tonnes by 2025-26.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India's Ministry of Agriculture is developing a new scheme to achieve self-sufficiency in pulses by 2027, aiming to reduce the huge import costs of pulses and edible oil to increase domestic supply, Mint portal Puja Das reports, citing the government press service. According to the information, although agricultural imports have fallen due to a decline in imports of edible oils, imports of pulses have reached a six-year high. According to India's Ministry of Commerce, the country spent $3.75 billion on imports of pulses and $14.8 billion on vegetable oils, up from $1.94 billion and $20.84 billion respectively last year. “Our 100-day program will undoubtedly focus on oilseeds, pulses and biofuels, with a major focus on reducing import costs. Another very important thing is stabilization of agricultural prices,” said a senior government official. According to him, the country will achieve self-sufficiency in grain legumes in the next 3-4 years with the introduction of types of state ...
Source: Agrosektor

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