India extends duty-free import of yellow peas by two months till February 2025

Published 2024년 12월 24일

Tridge summary

India has extended the duty-free import period for yellow peas until February 2025, as part of efforts to control rising pulse prices. The extension follows a series of previous extensions, and as much as 70% of India's yellow peas are imported from Canada and Russia. Despite efforts to increase domestic production, which has doubled since 2015-16 to 24.5 million tonnes in 2023-24, India's pulse imports have nearly doubled to USD 3.74 billion in 2023-24 due to unmet demand.

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Original content

New Delhi [India], December 24 (ANI): India has extended the timeline for duty-free imports of yellow peas by two more months until February 2025, according to an official notification from Directorate General of Foreign Trade (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 and December. 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. ...

Source: Theprint