India suspends quantitative restrictions on mung beans, pigeon peas and urad bean

Published 2021년 9월 23일

Tridge summary

The Indian Government has extended the temporary removal of quantitative restrictions on imports of pigeon peas and urad (vigna mungo) until 31 December 2021, in an effort to combat price rises resulting from lower crop harvests caused by unseasonal rain. However, the removal of restrictions on mung bean imports has not been extended and is set to end on 31 October 2021. This move is seen as positive for Australian pulse producers and exporters, as India is the largest market for Australian pulses. Australia exported $1.4 billion of pulses in 2020, 11% of which were exported to India.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

23 September 2021 Update: On 14 September 2021, the Indian Government extended the temporary removal of quantitative restrictions on imports of pigeon peas and urad (vigna mungo) until 31 December 2021. The removal of restrictions on mung bean imports has not been extended and remains scheduled to end on 31 October 2021. India has temporarily removed quantitative restrictions on imports of mungbeans, pigeon peas and urad (vigna mungo) until 31 October 2021. This is aimed at checking price rises associated with lower crop harvests impacted by unseasonal rain. While time limited, this regulatory change is a welcome development for Australia. It is too early to tell whether further pulse import policy changes will be implemented to mitigate food prices in India. In 2020, Australia exported $1.4 billion of pulses, 11% of which were exported to India. Producers and exporters should contact Indian importers or Austrade to explore potential opportunities in the Indian pulse market. The ...
Source: Austrade

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