Explore Business Standard
India has extended duty-free imports of Urad for another year until March 31, 2026, according to a government notification. The provision was earlier in place until the end of March this year. Myanmar is the main exporting country of Urad to India. "The free import policy of Urad stands extended up to March 31, 2026," the Directorate General of Foreign Trade (DGFT) has said in a notification. The move would help in stabilising prices of the commodity in the domestic markets. The imports stood at USD 601.12 million during April-November this fiscal. Out of this value, USD 549 million worth of the grain was imported from Myanmar. The imports stood at USD 663.21 million in 2023-24 (USD 646.6 million from Myanmar). Besides Myanmar, India imports Urad from Singapore, Thailand, and Brazil. The bilateral trade between India and Myanmar was USD 1.74 billion in the last fiscal. It was USD 1.76 billion in 2022-23. The trade gap is in favour of Myanmar. The major Urad producing states are
The government has imposed a 10 per cent import duty on lentils (mosur) and extended the duty-free import of yellow peas by three months till May 31 this year to enhance domestic availability, according to a finance ministry notification. Through the notification, the government has imposed 5 per cent basic customs duty and 5 per cent Agriculture Infrastructure and Development Cess (AIDC) on lentils with effect from March 8. So far, the import of lentils has been exempt from duty. The government had initially allowed the duty-free import of yellow peas in December 2023 and subsequently extended it thrice till February 28. As per estimates, India's yellow peas import stood at 30 lakh tonnes out of 67 lakh tonnes of overall pulses imported during 2024.
India's import of pulses rose 90 per cent annually to 47.38 lakh tonnes during 2023-24 to meet domestic demand, the government informed Parliament on Tuesday. "All India production of pulses has increased from 163.23 lakh tonnes during 2015-16 to 244.93 lakh tonnes during 2023-24 (as per 3rd Advance Estimates)," the Minister of State for Agriculture Ram Nath Thakur said in a written reply to the Lok Sabha. In 2021-22, import of pulses stood at 26.99 lakh tonnes, while exports were at 3.87 lakh tonnes. During 2022-23, imports of pulses stood at 24.96 lakh tonnes, while exports were 7.62 lakh tonnes. In 2023-24, the imports of pulses were 47.38 lakh tonnes and exports stood at 5.94 lakh tonnes. "During the last ten years i.e. 2014-15 to 2023-24 (as per 3rd Advance Estimates), total pulses and oilseeds production has increased by 43 per cent and 44 per cent, respectively," Thakur said. In reply to a separate question, the minister said the government has substantially enhanced the b