poojap
Aug 8 th, 2017

Import NewsNo Comments

The government on Saturday announced the decision to restrict the import of toor daal to a maximum of 2 lakh MT per annum. As the local production of the pulse is more, this capping has been done to push up the falling domestic prices.

“The restriction will not apply to government’s import commitments under any bilateral/regional agreement,” Directorate General of Foreign Trade (DGFT) notified. The country is the largest importer of lentils in the world and buys toor daal mainly from Tanzania, Mozambique, Myanmar and Malawi.

In the last year, the Indian government entered into long-term contracts for import of pulses with many countries to increase the availability of the pulse in the domestic market and control the prices. The contract with Mozambique has details of targets for exports of pulses to India for five financial years and also says that the imports will be increased from 100,000 tonnes in 2016-17 to 200,000 tonnes is 2020-21.
India imported about 703,540 tonnes of toor daal in FY 2016-17. The domestic production of the pulse also increased by 80% and reached 4.6 MT in 2016-17.

Pravin Dongre, the chairman of the India Pulses and Grains Association told, “After the bumper production, restriction on the imports was necessary to support local prices. The government should now allow export of lentils as well.”

Be the first to post a comment.

Add a comment

Join 15K Subscriber
SUBSCRIBE NOW

Get Latest Import Export News in your Inbox

Stay updated with all latest updates,upcoming events & much more.
Get the latest Exim News in your inbox
Subscribe
Join 15K subscribers

Stay Connected!

Get latest import export news delivered straight to your inbox!
SUBSCRIBE