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India rules out pulses import duty cuts as buffer stock hits record 4.5 million tonne, tur retail up 12%

Our read

Tur retail is up 12% YoY at an average Rs 129.61/kg and no import duty cut is coming, so pulses pricing and promotions should be planned around a calibrated release of the 4.5 MT buffer rather than a sudden price drop.

Watch

Tur retail price above the ₹129.61/kg average reported, in the next monthly price data, would mean calibrated releases are not cooling prices.

Ask next

Which other rule changes affect Indian retailers this month?

The report,

The government holds a record 4.5 million tonne pulses buffer and is not contemplating cutting import duties, Department of Consumer Affairs Secretary Nidhi Khare said. Average retail tur prices are up 12% year on year at Rs 129.61/kg. Buffer stocks will be released in a calibrated manner.

Pulses buffer stock set against the government's buffer norm
  • Pulses buffer stock (million tonne)4.5
  • Buffer norm (million tonne)3.5

Read next

  1. Onion prices double to Rs 53.52/kg as government offloads buffer stock at Rs 35/kg, , Financial Express
  2. Centre sends buffer-stock onions to West Bengal ahead of Dussehra, , The Hindu BusinessLine
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Reported figures

From the report. Source details below

Buffer norm: 3.5 MT
Yellow peas import duty: 30%
Lentils import duty: 10%

What to watch next

  • Any extension of duty-free tur and urad imports beyond 31 March 2027
  • Pace and size of buffer releases to states and retail channels
  • Any change to the 30% yellow pea or 10% lentil duty before FY27 ends
  • Tur sowing and harvest estimates for the coming crop

The source

Source Read the source at Financial Express

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