MUMBAI (Commoditiescontrol) - The effect of the steps taken by the government to discourage import of pulses has reflected its effect on imports as shipment to India during Aug-Jan 2017-18 dropped nearly 23% at 31.15 lakh tonnes compared with 40.42 lakh tonne same period a year ago.
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The central government had earlier imposed quantitative restrictions on imports of tur, urad and moong in August 2017 and later in November slapped import duty on Matar followed by Masoor and Chana in December to restrict import due to higher production in the country.
The annual quantitative restriction for Tur is 2 lakh tonnes, followed by 3 lakh tonnes for urad/moong (combined). Other hand, chana (chickpea/kabuli chickpea) will attract import duty of 60%, while Masoor and Matar will attract import duty of 30% and 50% respectively, according to government notifications.
Tur was badly hurt as it imports fell nearly 61% at 1.84 lakh tonnes during Aug-Jan 2017-18 as against 4.71 lakh tonnes last year. Masoor import has also seen declining trend with 41.25% at 3.39 lakh tonnes versus a year ago.
India government forced to take various measures to curb import as prices of pulses in the domestic market has dropped below minimum support price. The country has produced record 23.13 million tonnes (final Est) of pulses during 2016-17 and likely to produce 23.95 lakh tonnes (second adv estimate) in 2017-18.
However, the annual pulses quantitative restriction period slapped for Tur and Urad/Moong is expiring on March 31, 2018 and it will be interesting to see whether government allows import as per the policy or will took any more tough stance to restrict it as prices of these pulses are still below MSP level.
(By Commoditiescontrol Bureau; +91-22-40015533)
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