the importation of green peas and pulses was initially scheduled for the end of October, but has now been extended for another two months until the end of December. Indian government extends bean import period by two months
According to reports in Indian media, Indian pulses traders requested that the import of pulses be extended.
As a result, Myanmar, whose primary market is India, will have more time to sell pulses abroad. Myanmar will be permitted to import 250,000 tonnes of pulses and 100,000 tonnes of pulses for five years from March 2025 to March 2022 under the terms of the Memorandum of Understanding signed between India and Myanmar.
Under a foreign trade policy, the Indian government restricted the import of the three pulses in 2017 with an annual trade quota.
India’s pulses are in high demand at home this year. Up until the end of October, the original quota system for pulses and green peas was removed, allowing for unlimited importation.
However, the quota system will be reinstated in subsequent years because the policy to abolish it is only for this year.
Pulses that are exported to India currently cost: India’s demand for pulses is rising, and the dollar is rising at a time when domestic stocks are low.