Market of dry pea in India
India is the major player in the world market when
it comes to the pulse scenario. The country is among the major producers, the
largest consumer and also the largest importer of pulses in the world. Due the
fact that India is the second most populated country of the world and majority
of the population depending upon pulses as food, the advantage of being one of
the largest producers of pulses in the world is wasted. That is why the country
has to rely on pulse import to satisfy the domestic demand. Regarding peas
production, India produces around 800000 metric tons of dry peas annually and
stands 4th among the major pea producing countries of the world. Uttar Pradesh
produces the major share of the country’s produce.
The consumption level for yellow pea in
the country is so large that being a dominant producer; India is not able to
satisfy its domestic consumption demand. The reason for the large demand is the
ever-increasing population of the country and more and more people depending on
the dry pea as their staple diet. This is the reason that India also has to
import high levels of pulse. This makes India one of the largest importers of
the crop. As a matter of fact, pea is heavily imported into the country and
accounts for around 40% of the total pulse import of the country. Most of the
yellow pea traded in the country is imported from various pea-exporting
countries and the imports account up to around 9 lakh tons annually. Imports of
yellow pea into India have shown a rising trend as the imports have increased
sharply since last few years. The exporters from which India imports yellow
peas are
- Canada
- Australia
- Myanmar
- France
Market influencing factors
- Flow of information in the value chain of peas
- Black marketing and Hoarding
- Crop situation in the major pea producing countries
- Prices of the competitive pulses in the country like chickpea, tur,
urad etc
Major trading centres
The major trading centres of yellow pea
in India are
- Mumbai (Maharashtra)
- Jalgaon (Maharashtra)
- Latur (Maharashtra)
- Akola (Maharashtra)
- Indore (Madhya Pradesh)
- Bhopal (Madhya Pradesh)
- Vidisha (Madhya Pradesh)
Yellow pea is traded in Indian
commodity exchanges namely
National Commodity &
Derivatives Exchange ltd
Multi
Commodity Exchange of India ltd.
