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After Toor Dal, government curbs Moong, Urad imports

With the anticipation of providing farmers in India with better prices for their produces, government has curbed the imports of Moong and Urad as the new crops started arriving in the markets from the current kharif harvest.The government has restricted the imports to 0.3 million tons per annum. The imports along with the record production last year had a significant impact in the decline of Pulses prices in India.The imports restriction is expected to help the domestic prices of Moong and Urad in India, which is the biggest importer of Pulses, but will put pressure on producers such as Myanmar, Tanzania, Mozambique and Malawi which rely on exports to India.

Earlier, the government had curbed the imports of Toor Dal to 0.2 million tons and it leads to an increase in price of about 20 percent in the country. The total area under Pulses during the start of August this year was seen at 13 million hectares, which 3.5 percent less than 13.5 million hectares cultivated in the same period last year.

Resources: commodityonline.com