Money Maker Research & Investment Advisor: Govt takes away restrictions on export of pulses

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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.

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