India extends duty-free import of yellow peas till December 2024

Published 2024년 9월 13일

Tridge summary

India has extended the duty-free import period for yellow peas until December 2024, as part of efforts to control rising pulse prices. The extension follows a series of previous extensions, and as of 2023-24, pulse imports in India have doubled to USD 3.74 billion. Despite being a significant producer of pulses, India continues to depend heavily on imports to meet its domestic demand, which has increased from 16.3 million tonnes in 2015-16 to 24.5 million tonnes in 2023-24.

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Original content

New Delhi [India], September 13 (ANI): India has extended the timeline for duty-free imports of yellow peas by two more months until December 2024, according to an official notification from DGFT. In early December 2023, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April, then June, and later till October. It was part of New Delhi’s intervention to cool the prices of the overall pulse basket. Reportedly, the duty on yellow peas was first implemented in November 2017 at 50 per cent. India largely imports yellow peas from Canada and Russia. India is a large consumer and grower of pulses and it meets a portion of its consumption needs through imports. India primarily consumes chana, Masur, urad, Kabuli chana, and tur pulses. Despite several measures, including various incentives to farmers, India is still dependent on imports of pulses for its domestic requirements. Pulses imports have almost doubled in 2023-24 to USD ...

Source: Theprint