All restrictions on export of pulses go

It will correct price distortions, offer support to pulses selling below the (government's) MSP: Ravi Shankar Prasad

Pulses export policy change to take time to fructify
Sanjeeb Mukherjee New Delhi
Last Updated : Nov 17 2017 | 1:22 AM IST
After almost 10 years, the government has removed restrictions on export of all types of pulses.

Some months earlier, restrictions were lifted on export of tur (red gram), urad (black gram) and moong (green gram) but kept for chana (Bengal gram) and masur (red lentil). At present, the latter two have more demand in global markets, say traders. The biggest markets for Indian pulses are in West Asia and North Africa.

“This will help farmers dispose of their products at remunerative prices and encourage them to expand the area of sowing,” said law and information technology minister Ravi Shankar Prasad told journalists after the meet, chaired by Prime Minister Narendra Modi.

The Cabinet Committee on Economic Affairs also empowered the committee headed by the food and public distribution secretary to review the export and import policy on pulses to consider, whenever needed, measures such as quantitative restrictions, prior registration and changes in import duties.

Pravin Dongre, chairman, India Pulses and Grains Association, said the opening of all export would benefit the entire value chain, of farmers, processors and also end-consumers.

“It will correct price distortions, offer support to pulses selling below the (government's) Minimum Support Price and revitalise the milling industry. We believe this potentially open up greater investments in the sector,” he said.

The 2016-17 harvested is estimated at a record of a little over 22 million tonnes, due to good rain. In 2017-18, despite a slight break in the southwest monsoon, the country is projected to harvest a good crop of pulses. Kharif output is estimated at 8.71 mt, almost the same as a year before. Prices have dropped to Rs 2,000-2,500 a quintal, below the MSP for many, though the government has been buying.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story