Free Demo Request

Import of Pulses falls by 1million tonnes in last fiscal year

Date 18-May-2018
Subject Import of Pulses falls by 1million tonnes in last fiscal year

The Agriculture Ministry has said that farmer-friendly policy measures have helped reduce import of pulses, wheat and edible oils. Import of pulses declined by 10 lakh tonnes from FY17 to 56.5 lakh tonnes in 2017-18, resulting in saving of foreign exchange amounting to Rs 9,775 crore, the Ministry said in a statement. India is the biggest producer, importer (4-6mt) and consumer (26-27 million tonnes) of pulses in the world. To ensure that farmers get remunerative prices, the Government has imposed import duty and put quantitative restrictions on the various varieties of pulses.

Import duty on chickpeas has been fixed at 60%, while that for yellow peas is 50%, 30% for lentils and 10% for tur. The Government has also imposed a quantitative cap of 2 lakh tonnes per year on tur dal and 3 lakh tonnes on urad and moong. In case of peas, import of 1 lakh tonne is allowed for three months till June this year.

“Exports of all pulses have been allowed from November 22, 2017. Incentive at 7% under Merchandise Exports from India Scheme has been sanctioned for export of chana,” it said.


Source:-Dailyshippingtimes.com

High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG
Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard