India has extended the timeline for duty-free imports of yellow peas by two more months until February 2025, according to an official notification from Directorate General of Foreign Trade (DGFT).
In early December, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April and then June. It was part of New Delhi's intervention to cool the prices of the overall pulse basket.
India is a large consumer and grower of pulses and it meets a portion of its consumption needs through imports. India primarily consumes chana, masur, urad, kabuli chana, and tur.
India is a large consumer and grower of pulses and it meets a portion of its consumption needs through imports. India primarily consumes chana, Masur, urad, Kabuli chana, and tur.
Global kabuli chana is expected to see a shortage over the next six months or so and India will need to increase its import volumes, and may reach out to Russia, Canada, the US and Turkey to make up for its consumption needs, according to Global Pulse Confederation.