Global Pulse Prices Drop to Record Lows
Global prices of major pulses have fallen sharply, with declines ranging from 5% to 20% over the past month. The drop is attributed to strong competition among major exporters.
Exporters Compete for Market Share
Canada, Australia, Russia, and several African countries are intensifying efforts to win buyers in world markets. New crops of peas and lentils are arriving in Canada and Russia. Australia is seeing higher production of chickpeas and lentils. Several African nations are also preparing to harvest pigeon peas.
Impact on India & Domestic Concerns
Trade analysts warn that the price crash will adversely affect Indian farmers. As domestic pulse prices come under pressure, India may face cheaper imports flooding its market. Meanwhile, August–September heavy rains have damaged key pulse crops—tur, urad, mung, and moth—potentially lowering supply at home just when global prices are weak.
Supply, Demand & Outlook
Despite the fall, Russia denies reports of a crop shortfall, claiming good harvests. Analysts say the soft demand is contributing as much to the slide as oversupply. Lentil prices especially remain under pressure in many markets. The situation may intensify if India continues to import aggressively.
