Center extends curbs on import of Pulses till March 31

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NCDEX TipsThe government has extended restrictions on the import of Pulses like Yellow Peas, Green Peas and Kaspa Peas for a period of another three months from January 1 to March 31, 2019. The announcement has been made in a notification by Directorate General of Foreign Trade (DGFT).

The move is mainly to encourage the domestic production of Pulses and reduce import dependency.

The existing restriction on import of peas is scheduled to end on December 31. In September, the government had extended import restrictions on Peas for a three-month period.

India is the largest producer of Pulses in the world. In 2018-19, Pulses production stands at 24 million tonnes, which is marginally up from 23.95 million tonnes in 2017-18.

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