1. Home >
  2. Export Import News >
  3. Import News >
  4. Floor price for yellow pea imports to benefit farmers >
  5. Floor price for yellow pea imports to benefit farmers

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Floor price for yellow pea imports to benefit farmers.

Date: 20-12-2019
Subject: Floor price for yellow pea imports to benefit farmers
New Delhi: The government has made import of yellow peas (matar), the cheapest pulse in the country, costlier by imposing a minimum price of Rs 200, along with the existing 50 per cent import duty to ensure that the farmers get remunerative prices for crops that will be harvested from January. On Thursday , a day after the government notification, prices of peas jumped by 20 per cent to Rs 55 a kg, while chana rose 4 per cent to Rs 49 a kg in the Delhi’s wholesale market. Snacks makers and restaurants prefer the less expensive yellow peas over chana. The government had earlier restricted import of yellow peas, but importers got a stay order from the Jaipur High Court in mid-2019 and shipped in almost 5 lakh tonnes.

Late on Wednesday, the government amended the import policy for the import of peas. “Import of peas shall be subject to an annual quota of 1.5 lakh tonne as per procedure notified by DGFT and it will be subject to minimum import price (MIP) of Rs 200 and above CIF per kilogram,” it said in a notification. The import will be allowed only through Kolkata sea port, it said. This restriction shall not apply to the government import commitments under any bilateral or regional agreement or memorandum  ..

Yellow peas from Ukraine, Canada and Russia are gaining popularity. “Even with an import duty of 50 per cent, more than five lakh tonne of the peas has been imported from April till date.

Now with upwardly revised MIP and additional duty, yellow peas will cost Rs 300 a kg at the port, which will be an unviable proposition for the traders. This is good news for farmers who will be harvesting chana and tur by next month,” said Vivek Agrawal, a commodity broker with Maharashtra based JLV Agro.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 01-06-2020
Notification No. 08/2015-2020-DGFT
Amendment in Export Policy of Alcohol based Hand Sanitizers

Date: 01-06-2020
Public Notice No. 07/2015-2020
Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

Date: 01-06-2020
Public Notice No. 09/2015-2020
Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

Date: 01-06-2020
Trade Notice No. 13/2020-21-DGFT
Implementation of MoU between India and Mozambique for import of pigeon peas and other pulses grown in Mozambique during 2020-21

Date: 01-06-2020
Instruction No. 08/2020-Customs
24x7 Customs Clearance at all the Customs Stations - reg

Date: 29-05-2020
Circular No. 26/2020-Customs
Review of Circular No. 17/2020 dated 03.04.2020 namely, 'Measures to facilitate trade during the lockdown period- section 143 AA of the Customs Act, 1962'

Date: 29-05-2020
Notification No. 48/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 28-05-2020
Notification No. 07/2015-2020
Amendment in Export Policy of Paracetamol API

Date: 28-05-2020
Instruction No. 7/2020- Customs
Special drive for disposal of applications for fixation of Brand Rate of Duty Drawback.

Date: 27-05-2020
Notification No. 9/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of 'Electronic Calculators of all types excluding calculators with attached printers, commonly referred to as printing calculators; calculators with ability to plot charts and graphs, commonly referred to as graphing calculators; programmable calculators',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR and in supersession of the notification No. 24/2015- Customs (ADD), dated the 29th May, 2015.

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001