The pulses price hike has been the new grapevine, with ascending prices of Toor dal, Chana dal etc. leading to rising anxiety amongst citizens in the country. Multiple rumors and speculations have been floating with some accusing political parties for the hike, while others are blaming the Indian conglomerates.
Getting to the crux of the matter, one can just understand the hike by simple supply and demand factors. India’s production of pulses has stagnated at around 18-19 MMT for some years now, while the consumption keeps going high which is currently at 23 MMT annually.This shortfall is made up by imports, mainly from Canada, Myanmar and some African countries. India Pulses Grains Association (IPGA) states that India’s pulses imports have been increasing every year and infrastructure at the existing ports are finding it difficult to meet the requirements of the trade. The high demand and deficit of supply has eventually led to the price rise.
In efforts to ease out the supply, Adani has signed MoU with IPGA in association with Special Economic Zone (APSEZ), India’s largest port developer to handle pulses across its ports in the country to help develop a dedicated and efficient supply chain for pulses, using strategically located ports’ facilities to all key consumption centers to ensure availability of pulses. The MoU clearly helps refute speculations on the Internet about the role of Adani in the pulse hike. Mr. Atul Chaturvedi, CEO for AgriBusiness of Adani, brings further clarification as he states that Adani is not involved in procurement of pulses from the domestic market and also highlights that the Adani Wilmar business procures a miniscule volume of BESAN from Pulses Mills which is a finished product and only brands the same.