India seeks help from Brazil to end the crisis on edible oil and pulses, considering increasing imports

pulses: The Government of India has started an initiative to reduce the prices of pulses and edible oils in India. Its effect can be seen soon. Many efforts have been started at the government level to end the shortage of pulses and edible oil. The Indian government has also sought help from Brazil to overcome this crisis. Brazil has agreed to send pulses and edible oil to India. With this import their shortage in the Indian domestic market will be compensated. There is also a possibility of the prices of pulses and edible oil coming down. This will solve the kitchen crisis of the middle class to some extent and the impact on the plate will also be reduced to some extent.

Brazil will become the largest source of pulses and edible oil

In order to supply pulses and edible oil to India at cheaper prices, the Government of India is trying to increase competition among the markets of many countries for imports. During this period, Brazil can be the biggest source of import of pulses and edible oil for India. According to the report of Financial Express, India’s Ambassador to Brazil Suresh Reddy has said that by importing pulses and edible oil from South American countries like Brazil, both these items will be available in the Indian markets at affordable prices. At present the country imports 58 percent of its edible oil and 15 percent of pulses.

Emphasis is on import of urad from Brazil

India’s emphasis is on importing large quantities of urad from Brazil. Because Brazil is a big importer of urad. Import of urad from Brazil will bring variety in pulses in India’s domestic market and will also reduce prices. Currently, pulses are imported into the country from Indonesia, Malaysia, Canada, Australia, Myanmar, Ukraine, Mozambique and Malawi.

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