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The authorities on December 28 extended the duty-free imports therapy for Urad and Tur Dal by a 12 months till March 31, 2025, lower than per week after granting an analogous import responsibility exemption window for inbound Masur dal shipments.
The growth assumes significance as pulses inflation at each the retail and wholesale stage, is hovering over 20%, and the Kharif crop prospects usually are not too shiny.
With El Nino results kicking in, by mid-December, Rabi crop sowing for pulses was 8.2% decrease than a 12 months in the past. India primarily imports pulses, a key protein supply, from nations like Canada, Australia, Myanmar and Mozambique.
A notification to increase the present sundown date of March 31, 2024, for duty-free imports of Urad and Tur Dal, was issued by the Directorate General of Foreign Trade with the approval of the Union Commerce and Industry Minister Piyush Goyal.
