India ramps up wheat and pulse imports amid shrinking domestic reserves
India is set to boost its food imports in the coming year. The country plans to bring in large quantities of wheat and pulses to meet rising demand. Recent policy changes and declining domestic reserves have driven this increase in overseas purchases. Between December 7, 2023, and October 31, 2024, India expects to import 3–3.5 million tons of yellow peas from Russia. Since the government removed import duties on April 30, 570,000 tons have already arrived. This move follows a shortfall in domestic production, which stands at just 750,000–800,000 tons annually.
India's total pulse imports for the year will exceed 4 million tons. The government has also extended the duty-free period for yellow peas until October 31, 2024, to secure stable supplies.
Wheat imports may also rise, with estimates suggesting 3–5 million tons could be needed in 2024. The country's annual wheat consumption sits at 95–100 million tons, while government grain reserves have been shrinking. Russia is seen as a potential key supplier for both wheat and yellow peas in the near future. The removal of import duties and reliance on Russian supplies aim to address India's food security challenges. With domestic production falling short and reserves dwindling, these imports will help maintain stable food availability. The measures reflect a shift toward greater dependence on foreign agricultural sources.
