Even though the country has introduced a set of reforms, including different incentives for farmers, the nation remains imperialist on imports of pulses to satisfy the demand of the local market.
New Delhi: India has widely enlarged the timeline for importing yellow peas for free sale, and that is reserved until October 2024, based on the contents of the official statement. The central government, early in December of last year, on the 10th, allowed the import of yellow peas to be duty-free until March 2024; subsequently, the deadline was extended to April and then June. It had been New Delhi’s policy and a part of the scheme to reduce the prices of the total lentil complex.
It is stated that the hardest imposed was from the beginning of November 2017 by 50%. Canada and Russia are the main yellow pea exporters to India for India’s domestic consumption. It is a matter of fact that India is a great consumer and producer of pulses too. However, the nation also levies imports to sustain the consumption of pulses. In India, obviously, chana is very popular among the masses, followed by masar pulses, urad dal, kabuli chana, and tur pulse. (Also read: The news that Paytm’s Chief Operating Officer, Bhavesh Gupta, has stepped down, citing personal reasons, spread all around the business circles.
Management of the center took the initiative in the month of September to deal with the panic buying of Tur and Urad Dal, which had a two-month extension until the 31st of December and revision of stock marketing for a certain stakeholder. (Also read: IDBI Bank boosts its net profit by 44% for the first quarter-year (Q1) ended March 2021.
The Ministry of Consumer Affairs, Food, and Public Distribution continued to hold that the revised limits and the time extension were to prevent hoarding and produce a continuous and good release of tur and urad onto the market to make the pulses available at reasonable price levels.
In spite of different policies such as production subsidies and the purchase of surplus by procurement agencies, India still does not have enough domestic production and needs to import pulses to fulfill its internal demand. Identifications imports figures have almost doubled to USD 3.74 billion in 2023–24. Nevertheless, as soon as the official data is released, one will have an insider glimpse into the long-awaited stats.
