Money Maker Research Pvt. Ltd. is one of the best stock and commodity advisory in India. Get the best stock tips, commodity tips, option tips, nifty tips, call put tips, HNI MCX tips, intraday cash tips, stock option calls and share market tips. Register with us today to get two days free trial.

Thursday, 16 November 2017

Govt takes away restrictions on export of pulses


Commodity, Pulses, Best Trading tips, Stock markets, Money Maker Research
The govt on Thursday removed the restrictions on export of all varieties of pulses such as tur, urad and moong dal etc to help farmers get remunerative prices for their produce.  However, exports of these kinds of pulses can be undertaken after taking permission from agri-export promotion body APEDA.     
Presently, only the organic pulses and Kabuli chana are permitted to be shipped in a limited quantity.   The Directorate General of Foreign Trade (DGFT) in its notification said, that it has removed prohibition on export of tur, urad and mung dal until further orders. The ban on these varieties has been lifted with immediate effect. The notification added that exports should be made through customs electronic data interchange.

The move will improve the returns to farmers and potentially open up greater investments in the sector. The country's pulses production has touched a record of 22.4 mln ton in 2016-17 crop year as against 16.35 mln ton in the previous year through encouragement from the government.
Reactions:

0 comments:

Post a Comment