Buffer stocks and imports keep pulse prices steady through December

Pulse prices are expected to hold steady through December, supported by ample government buffer stocks and strong imports from Africa and Myanmar. Concerns over delayed sowing and below-normal rainfall in key growing regions have not translated into price spikes, as supply remains adequate.

Weak consumer demand since March has also contributed to the stable pricing environment. The combination of government procurement, import flows, and subdued offtake has kept wholesale and retail prices in check, offering relief to households and food inflation watchers.

State agencies have been releasing buffer stocks into the market to prevent shortages. The steady pulse market stands in contrast to other food items that have seen sharper moves. The supply cushion from reserves and imports appears sufficient to absorb any seasonal demand uptick during the festival months. Pulses carry a significant weight in India's consumer price index, so the steady trend helps keep headline food inflation in check. The next test for prices will come with the winter harvest and the government's procurement strategy for the new crop.