Indian Agriculture Ministry lifts pulses export ban
04 February 20141 min reading
The Agriculture Ministry of India decides to lift the 8-year export ban upon the pulses prices are decreasing due to the high production expectation.
The agriculture ministry of India will soon move a cabinet note for lifting the eight-year long ban on export of pulses to arrest fall in domestic prices that are ruling below the minimum support price level on expectations of higher output. Export of pulses, except for kabuli chana, was initially prohibited for six months in 2006. It was then extended from time-to-time up to 31 March 2014.
“To protect farmers from sharp fall in domestic prices, we are soon moving a Cabinet note on lifting the export ban on pulses,” said a senior agriculture ministry official. The ministry is mulling over allowing export of pulses without “quantitative restrictions” and placing the commodity under the open general license category on the lines of sugar, wheat and rice, the official said. on this decision; it was effective that an industry body also sought the removal of ban on pulses export to balance the domestic market prices so that with better prices farmers are encouraged to grow pulses in the coming years.
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