India has extended the duty-free import of yellow peas until October 2024 in response to rising pulse prices. This decision is part of the government's strategy to stabilize the overall pulse market, which has seen significant price increases.
Initially allowed until March 2024, the extension aims to ensure a steady supply of yellow peas, primarily imported from Canada and Russia, without the minimum import price condition. This measure reflects India's reliance on imports to meet its domestic pulse consumption needs while attempting to alleviate pressure on local prices amid ongoing inflationary challenges.
Citations:
[1] https://economictimes.indiatimes.com/news/economy/agriculture/india-extends-free-import-of-yellow-peas-till-october/articleshow/109958320.cms
[2] https://economictimes.indiatimes.com/news/economy/agriculture/india-extends-duty-free-import-of-yellow-peas-by-four-months/articleshow/109856033.cms
[3] https://timesofindia.indiatimes.com/business/india-business/india-extends-duty-free-import-of-yellow-peas-by-four-months/articleshow/109858221.cms
[4] https://gulfnews.com/business/markets/india-extends-duty-free-import-of-yellow-peas-by-four-months-1.1714901782066
[5] https://www.cnbctv18.com/india/india-removes-basmati-rice-minimum-export-price-extends-duty-free-yellow-pea-imports-19476089.htm
[6] https://agriexchange.apeda.gov.in/news/NewsSearch.aspx?newsid=57906
[7] https://punchng.com/fg-suspends-food-imports-duty-partners-states-on-farming/
[8] https://www.nigeriatradehub.gov.ng/portals/0/documents/cbn_exchange_control_manual.pdf