In a go aimed at maintaining prices below a check out, the Governing administration on Saturday amended the pulses import policy by shifting tur, urad and moong from ‘restricted’ to ‘free’ class.
The Commerce Ministry in a notification on Saturday stated the revision in pulses import policy is with fast result and will for the period of time up to Oct 31, 2021.
Further more, import consignments of these objects with Monthly bill of Landing issued on or just before Oct 31 shall not be authorized by Customs further than November 30, the notification stated.
Jitu Bheda, Chairman, Indian Pulses and Grains Affiliation (IPGA), stated:
“The Open Basic License (OGL) below the free import policy will help the traders to quickly import the essential quantity of tur, moong and urad to fulfil the shortage of the pulses. We are anticipating minimum 250,000 tonnes of tur, 150,000 tonnes of urad and close to 50,000-seventy five,000 tonnes of moong beans to be imported mainly from Myanmar, African, and the neighbouring nations around the world.”
The prices of greater part of the pulses are ruling larger than the minimum support cost (MSP) ranges by about 5-30 per cent owing to decreased than projected crop, which was impacted by mainly by unseasonal rains. Tur prices are ruling larger by 10-12 per cent higher than the MSP of ₹6,000 per quintal, when urad is investing larger by about 30 per cent in excess of MSP. Moong is ruling larger by about 5 per cent.