Search Result for : Pulses Production

The Dollar Business Bureau In order to protect the interests of farmers, the Government on Thursday imposed an import duty of 30% on masoor (red lentil) and chana (chickpeas) to support domestic prices. Earlier, there was no import duty on these pulse varieties and these could be freely imported. “The Government has decided to impose 30% import duty on chana (chickpeas) and masoor (lentils), with immediate effect,” Ministry of Finance said in a statement. “Production of chana and masoor is expected to be high during the forthcoming Rabi season, and cheap imports, if allowed unabated, are likely to adversely affect the interest of the farmers,” it added. According to the Ministry of Agriculture data, plantings of gram were 14% higher on yearly basis till the end of last ...

The Dollar Business Bureau In the wake of record production of pulses last year, the Government on Thursday removed restrictions on exports of all varieties of pulses so that farmers can get remunerative prices as rates in the domestic market have crashed below the minimum support price (MSP).  “The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, has given its approval for removal of prohibition on export of all types of pulses to ensure that farmers have greater choice in marketing their produce and in getting better remuneration for their produce,” said an official statement.  The decision of the Government comes after two months of lifting a ban on exports of some varieties such as urad, tur ...

The Dollar Business Bureau India has imposed a cap on the imports of pigeon peas to 2 lakh MT per year. A government notification regarding the same was issued on August 5, 2017 via DGFT notification no.- 19/2015-2020. The domestic price of pigeon peas declined more than 60% due to bumper production in 2016-17. As per the Commodity Profile for Pulses- June 2017 given out by the Directorate of Economics and Statistics, production of pigeon peas (tur dal) was 4600 thousand tonnes in 2016-17 compared to 2560 thousand tonnes produced in 2015-16. Exports of pigeon peas too touched 12.30 thousand tonnes in 2016-17, registering 8.96% share in the total pulses export, compared to 4 thousand tonnes that was exported in FY 2015, ...

By Abin Daya Despite all what the flat-earth proponents might say, the world is surely round. I’m convinced of that! Things do come back a full circle. 64 years after it enacted the Air Corporations Act and nationalised the Air India, the government has decided that it does not want to be in the business of ferrying passengers over air any more. It is looking to privatise the airlines, and the Tatas, from whom the airline was originally taken over, seem to be the most likely suitor. The performance of the domestic air passenger industry is one of the topics in today’s update. However, the main topic for today’s update is India’s export performance for the month of May 2017. While export performance has ...

The Dollar Business Bureau In order to meet domestic demand, India has imported 27.48 lakh tonnes of pulses in the period April-October of the current fiscal, the government said. Overall pulses imports by the government agencies and private sector stood at 27,48,473 tonnes, said C R Chaudhary, Minister of State for Food and Consumer Affairs, in a written response to the Lok Sabha on Wednesday. The country had imported 57.97 lakh tonnes of pulses in the last fiscal, as per the data provided by the minister. “The government has permitted to create up to 20 lakh tonnes of buffer stock of pulses through local procurement and imports,” Chaudhary said. Pulses for buffer stock are procured at the current market rate if the prevailing market rate is ...

The Dollar Business Bureau  The Government has approved domestic procurement of 10 lakh tonnes of pulses for building the buffer stock. The total procurement consists of 5 lakh tonnes of pulses from Kharif Marketing Season 2016-17 and 5 lakh tonnes from Rabi Marketing Season 2017-18. “As on November 21, a buffer of 6,38,205.55 tonnes of pulses, viz, 1,30,492.33 tonnes of chana; 2,04,030.859 tonnes of tur; 1,43,555.76 tonnes of masur; 83,181.792 tonnes of urad; and 76,943.81 tonnes of moong, have been built through domestic procurement and import contracts,” minister of state for food C. R. Chaudhary said in a written reply to the Rajya Sabha. The government has, however, approved 20 lakh tonnes of buffer stock; 10 lakh tonne through domestic procurement from farmers and ...

The Dollar Business Bureau The Government has procured 3,273 tonnes of moong from farmers at the minimum support price (MSP) and bonus rate to protect their interest. "Since the start of arrival of new crop in the market, the Government agencies have procured 3273.16 MT Moong as on Sept 19, 2016 benefiting 330 farmers," said the food ministry in a statement. The Government agencies –Food Corporation of India (FCI), National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and Small Farmers' Agribusiness Consortium (SFAC) have established about 200 procurement centres to procure Moong from farmers at (MSP) i.e Rs. 4,800 and bonus Rs. 425 during kharif 2016-17 season. Usually the kharif season begins from October. However, the new moong crop has already hit ...

The Dollar Business Bureau The government, so far, has acquired 1.11 lakh tonnes of pulses from farmers for the buffer stock. Meanwhile, in an effort to control the retail prices, the government has also agreed to import 38,500 tonnes of pulses. The states have been asked to place their requests for allotment of pulses from the buffer stock and sell them at prices not exceeding Rs.120 per kg. In the inter-ministerial committee meeting, headed by the Consumer Affairs Secretary Hem Pande, it was informed that of the 38,500 tonnes of contracted pulses, 13,000 tonnes already were brought into the country while 6,000 tonnes are in the process of being shipped. The agenda of the meeting was to review the prices of basic commodities. ...