Govt imposes 10% import duty on tur dal, wheat
The Dollar Business BureauThe government has imposed a 10% import duty on imports of tur or arhar pulse (pigeon pea) and wheat with immediate effect. The decision was taken to protect the domestic farmers’ interests after the prices of pulses fell below the minimum support price (MSP) across various pulses producing states. The government expects bumper production of ravi crop, especially pulses and wheat this year on the back of normal monsoon season last year. This restrictive measure will control a further fall in the wholesale prices of tur dal and wheat and thus provide better MSP to farmers during ongoing procurement drive. The good production of tur dal during last kharif (summer) season had resulted into a fall in wholesale prices. Since the ...
Tur dal is being sold below MSP in 3 states, expected to slump further
The Dollar Business Bureau After a record surge last year, tur dal prices have witnessed a sudden slump in the wholesale market this year, falling considerably below the Minimum Support Prices (MSP) level. Tur dal prices came down to Rs.4500 per quintal, as it has fallen by more than half in the last quarter alone. In addition to the bumper crop of the commodity last year, supported by the Government’s demonetisation drive, the prices have crashed to a record level. The major tur dal producing countries including Karnataka, Maharashtra and Gujarat had a good crop year in 2016. In Karnataka, the total production is projected to touch 20-25 lakh metric tonnes compared to 12.50 lakh metric tonnes last year. Wholesale prices in the country’s main tur ...
Maha govt may exempt pulses importers from stock holding limit
Source: PTI To ensure smooth supply of imported pulses and check prices, the Maharashtra government is working out a mechanism for exempting importers of pulses from the ambit of stock holding limits. Last week, India Pulses and Grains Association (IPGA) had made a representation to the Finance Minister Arun Jaitley seeking exemption from stock holding limit imposed by the Union Government on October 18 to check hoarding. The Association had also offered to supply 100 tonnes of imported tur dal at Rs.130 per kg on a daily basis for a month to boost supply in the state. “The Centre has forwarded the Association's demand to the Maharasthra government. The state government has held several rounds of meetings with importers on the issue. ...
