India extends duty-free import of yellow peas by one month

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India has prolonged the timeline for duty-free imports of yellow peas by a month by way of April, 2024, an official gazette notification stated. In early December, the central authorities allowed duty-free imports of yellow peas till March 2024. It was a part of New Delhi’s intervention to chill the costs of the general pulse basket.

Reportedly, the responsibility on yellow peas was first carried out in November 2017 at 50 per cent. India largely imports yellow peas from Canada and Russia. India is a big client and grower of pulses and it meets a portion of its consumption wants by way of imports. India primarily consumes chana, Masur, urad, Kabuli chana, and tur.

As a part of centre’s invervention, it had in September prolonged inventory limits on tur and urad dal by two months till December 31, moreover revising the inventory holding limits for sure stakeholders. Earlier, the inventory limits on these two forms of pulses had been to finish on October 30.

As per a notification issued then, the restrict for inventory with wholesalers and likewise massive chain retailers on the depot was lowered from 200 MT to 50 MT, and the restrict for millers was lowered from the final three months’ manufacturing or 25 per cent of annual capability, whichever is increased to final 1-month manufacturing or 10 per cent of annual capability, whichever is increased.

The Ministry of Shopper Affairs, Meals and Public Distribution had maintained the revision in inventory limits and extension of the time interval is to stop hoarding and elicit the continual launch of tur and urad in enough portions to the market and make the pulses accessible at inexpensive costs.

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