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14/05/2018 12:10pm

Govt introduces quota system for import of pulses to check domestic prices

image Govt introduces quota system for import of pulses to check domestic prices

New Delhi, May 14 (KNN) To ensure that the domestic prices of pulses do not fall below the minimum support price, the government has tightened norms for the import of pulses.

A quota system has been introduced by the government for millers and refiners for the import of tur, moong and urad, according to a notification by the Directorate General of Foreign Trade (DGFT).

To avail this quota, dal millers have to submit applications between May 15 and 25. The allocation of quota for each beneficiary will be notified on June 1 and millers have to complete their imports by August 31, the DGFT said.

A quota of 2 million tonnes import on tur and 3 million tonnes on moong and urad together has been imposed by DGFT.

The government had set restrictions on pulses imports in August 2017.

Importers and traders imported tur as it was much cheaper in the global market compared to the domestic market.

Over 4.04 lakh tonnes of tur were imported during April-November 2017 as against the cap of 2 lakh tonnes imposed by the government for financial year 2017-18, according to the government data.

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