Key Points
New Delhi [India], May 5 (ANI): India has extended the timeline for duty-free imports of yellow peas by four more months until October 2024, according to an official notification...
In early December, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April and then June..
It was part of New Delhis intervention to cool the prices of the overall pulse basket...
The Ministry of Consumer Affairs, Food and Public Distribution had maintained that the revision in stock limits and extension of the time period were to prevent hoarding, elicit the continuous release of tur and urad in sufficient quantities to the market and make the pulses available at affordable prices...
Government sources told ANI that to meet domestic demand and keep prices in check, the government is negotiating with new markets like Brazil and Argentia for a long-term contract for pulses imports..
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