India moves to pause PSS tur and chana stock sales for 2025–26 amid rising El Nino risk
AI Market Summary
India's government is seeking to pause planned 2025–26 sales of tur and chana buffer stocks amid rising El Nino weather risk and weaker pulse sowing, aiming to preserve inventories for potential supply shortfalls. Retaining stocks reduces near-term market supply and can support domestic pulse prices, while highlighting food inflation sensitivity. The news is localized to Indian pulses and has limited direct spillover to broader global commodity markets.
Impact level
● Low
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The Indian government has instructed that sales of 2025–26 buffer stocks of tur (pigeon pea) and chana (chickpea) be paused as El Nino-related risks raise the prospect of supply shortages. Total government pulse inventories are about 4.5 million tonnes, including 1.1 million tonnes of tur and 2.3 million tonnes of chana. Kharif pulse sowing is running 7.5% below last year, with tur acreage down nearly 12%. The policy is supporting domestic spot and futures markets, underpinning prices for tur dal and chana.
