India’s Pulses Exports Surge Five-Fold Over the Last Decade

The price of Indian pulses, particularly tur dal from Kalaburgi, has experienced significant upward momentum as it makes its debut in the Maldives market. Recently, the export of 1 metric tonne of this premium geographical indication (GI) tagged pulse has underscored the growing international appetite for Indian pulses. During the April-July period of the current financial year, exports surged by 45% in value, reaching $452.27 million, with volume on the rise by 59% compared to the previous year.

The driving factors behind this remarkable growth include elevated international demand and India’s unique position as both a major producer and a key exporter of pulses. Despite traditionally being a net importer, recent trends indicate a robust global interest, particularly from markets such as China, the UAE, and the US. The ongoing aspirations of Indian farmers to access international markets, coupled with the government’s policy support, is promoting the export of premium and GI-tagged products, thereby boosting prices by over 30% for farmers.

Short-term outlook suggests that traders and investors can expect continued upward price pressure on Indian pulses, driven by sustained global demand and favorable export policies. The bullish sentiment among exporters indicates that India is poised to strengthen its footprint in the international pulses market. For investors, focusing on agricultural commodities, particularly high-quality pulses, may present lucrative opportunities as market dynamics continue to evolve.

Source: Market Source

(Expert Note: This report was independently prepared by the Wealthova Commodities team.)