India in talks with Myanmar over long-term deal for pulses

India, battling a shortage of pulses and rising prices of the commodity, said it is in talks with Myanmar for a long-term arrangement to buy the commodity.

Commerce Minister Nirmala Sitharaman, who recently visited Myanmar, was quoted as saying by Indian media that the government-to-government talks on import of pulses were going well.

Myanmar and Canada are two large sources for pulses for India, which is in the midst of building a strategic buffer to ensure smooth future supply.

India’s the world’s biggest producer of pulses, but is forced to import as its domestic demand far outstrips production that is estimated at 17.33 million tonnes in 2015-16 crop year, marginally higher that previous year’s output of 17.15 million tonnes.



Leave a Reply

Your email address will not be published.