In a shift aimed at preserving selling prices beneath a check, the Government on Saturday amended the pulses import policy by shifting tur, urad and moong from ‘restricted’ to ‘free’ category.
The Commerce Ministry in a notification on Saturday explained the revision in pulses import policy is with quick influence and will for the period up to October 31, 2021.
More, import consignments of these items with Monthly bill of Landing issued on or prior to October 31 shall not be permitted by Customs past November thirty, the notification explained.
Jitu Bheda, Chairman, Indian Pulses and Grains Association (IPGA), explained:
“The Open Typical License (OGL) beneath the free of charge import policy will empower the traders to rapidly import the expected amount of tur, moong and urad to fulfil the scarcity of the pulses. We are expecting minimal 250,000 tonnes of tur, one hundred fifty,000 tonnes of urad and all around 50,000-75,000 tonnes of moong beans to be imported largely from Myanmar, African, and the neighbouring international locations.”
The selling prices of greater part of the pulses are ruling larger than the minimal assist cost (MSP) concentrations by about five-thirty for every cent owing to decrease than projected crop, which was impacted by mainly by unseasonal rains. Tur selling prices are ruling larger by ten-12 for every cent above the MSP of ₹6,000 for every quintal, even though urad is buying and selling larger by about thirty for every cent in excess of MSP. Moong is ruling larger by about five for every cent.
