According to the Indian government’s foreign trade policy, pulses, Imports of green peas and pulses were originally scheduled for the end of October, but have now been extended for another two months until the end of December.
According to Indian media reports, the import of pulses has been extended at the request of Indian pulses traders.
Therefore, Myanmar, which mainly exports to India, will have more time to export pulses. According to the MOU signed between Myanmar and India, Myanmar will be allowed to import 250,000 tonnes of pulses and 100,000 tonnes of pulses from March 2021-2022 for five years from March 2025-2022.
The Indian government has restricted the import of the three pulses under an annual trade quota in 2017 under a foreign trade policy.
This year, India’s domestic demand for pulses is high. The original quota system for pulses and green peas was abolished and unlimited importation was allowed until the end of October.
However, the policy of abolishing the quota system is for this year only, which means that the quota system will be revived in the coming years.
Currently, the prices of pulses exported to India are: At a time when domestic stocks are low, India’s demand for pulses is rising and the dollar is appreciating.