Rapid Fire
Pulses, Oil seeds, Fruit Output to Lag Demand Till 2030-31
- 01 Dec 2023
- 2 min read
As per the report published by the National Bank for Agriculture and Rural Development (NABARD) and the Indian Council for Research on International Economic Relations (ICRIER), commodities like oilseed, pulses and fruits are expected to experience a supply and demand gap in the coming years.
- Therefore, there is a need to increase the level of production and productivity of oilseeds, pulses, and fruits since their demand in the future shows an increasing trend.
- As per capita incomes rise, the consumption basket of people tends to diversify towards nutritious and high-valued commodities, including fruits and vegetables and dairy products and away from staples such as rice and cereals.
- Oil seeds production is expected to rise to around 35 to 40 million tonnes (MT) by 2030-31, with the gap between demand and supply likely to expand to 3 MT by 2025-26.
- The report reiterated the recommendation of a 2012 report from the Commission for Agricultural Costs and Prices (CACP) to raise the import duty whenever the import price of crude palm oil falls below USD 800 per tonne to protect Indian producers.
Read More: Minimum Support Price, Primary Agricultural Credit Society (PACS)
