"Procedure for import of 2 lakh tonne pigeon peas/toor dal, 1.5 lakh tonne urad dal, 1.5 lakh tonne moong dal and 1.5 lakh tonne peas (including yellow peas, green peas, dun peas, and kaspa peas) is laid down," directorate general of foreign trade (DGFT) has said in a notice.
Two straight years of drought pushed up pulse prices in 2015 and forced New Delhi to allow duty-free imports. But record imports of 6.6 million tonnes in the 2016/17 fiscal year led to a crash in local prices.
India, in 2017, implemented a number of tariffs on imported chick peas, a 30 per cent duty, and lentils in a bid to protect domestic production.
It had undertaken various interventions to boost the production of pulses and oilseeds during the last four and a half years to achieve self-sufficiency in the country, a release from the ministry said.
Cues from global markets pulled soya bean prices to a 2-week low, while there was added pressure over farmers protesting in India.
Unxpected rains also prompted Maharashtra government to announce a compensation to farmers for farmers.
Area under pulses was 138.19 lakh hectares so far in this rabi season as against 127.02 lakh hectares in the year- ago period, an official statement said.
Higher production will help the south Asian country reduce imports of pulses in the 2018/19 fiscal year starting April 1 and and could allow it to avoid buying overseas wheat for the first time in three years.
"Opening of exports of all types of pulses will help the farmers dispose of their products at remunerative prices and encourage them to expand the area of sowing," IT and Law Minister Ravi Shankar Prasad said, who briefed the media after the Cabinet meet chaired by Prime Minister Narendra Modi here.
According to the first advance estimate released today by the agriculture ministry, production of all kharif foodgrains -- rice, pulses and coarse cereals -- is projected to decline from the record 138.52 mt last kharif.
The production of pulses and coarse cereals is estimated to have fallen, dragging the overall foodgrains output in kharif (summer-sown) season to 134.67 MT from record 138.52 MT in last kharif, as per the sources.
A total of 76 centres for procurement of moong will be opened in the state. Similarly, 28 centres for urad, 29 for peanuts and 25 for soybean will be opened, the release said. More procurement centres can be opened considering the interests of farmers and demand of people’s representatives.
The country is likely to receive 247,000 tonnes of wheat in September, the highest monthly arrival since February, according to Thomson Reuters agricultural flows data, with five vessels scheduled to arrive from Ukraine.
Record output has been achieved in rice, wheat, coarse cereals and pulses on the back of good rains in the said period. Foodgrain production had declined to 251.57 million tonnes in 2015-16 crop year (July-June).
Minister of State for Agriculture Purushottam Rupala shed light on the action plan in a reply in the Lok Sabha. The national food security mission - Pulses is being implemented in 638 districts in 29 states to make the country self sufficient in pulses production.
Opening up exports for the first time since 2006-07 will also allow the trading community and farmers to better manage abundant domestic stocks and realise better prices
The country imports over 5 million tonnes of pulses and about 14.5 million tonnes of vegetable oils (comprising edible and non-edible oils) every year to meet domestic demand.
It has been three years since the NDA-led government came to power. It is time to take stock. The government deserves credit for taming runaway lentil prices, but stands guilty of denying cheaper petrol and diesel to millions of consumers.
Ahead of summer sowing, the Agriculture Ministry has proposed further hike in the import duty of tur dal (pigeon pea) from 10 per cent to 20 per cent in a bid to curb overseas purchase, arrest steep fall in wholesale prices and keep farmers' morale high.
Paswan's comments follow a meeting with Maharashtra Chief Minister Devendra Fadnavis who sought hike in customs duty on tur dal saying farmers are struggling to get even the minimum support price (MSP) because of record output.
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend and updates from the agro commodity space.
Storehouses are overflowing with commodities such as lentils and soybeans after waves of farmers answered Prime Minister Narendra Modi's call last summer to ramp up local production to cut a hefty import bill, driving prices sharply lower.
“Our view fundamentally for India market was around 20 percent return but after the rally, it looks like we could do another 10-11 percent return until the end of the year helped by liquidity,” Prabhat Awasthi, Head of Equity & MD, India, Nomura said in an interview with CNBC-TV 18.
Sowing area under wheat and pulses have touched record 317.81 lakh hectares and 159.72 lakh hectares, respectively, so far in the ongoing rabi (winter- sown) season on good monsoon and higher support price.
In an interview to CNBC-TV18‘s Manisha Gupta, Pravin Dongre, Chairman at IPGA spoke about what the pulses sector is expecting from the upcoming Budget.