Live Spot Prices
Crude Oil ( MCX ) 3789 | Copper ( MCX ) 448.6 | Brass ( MCX ) 345 | Pepper ( MCX ) 41000 | Cotton Seed ( NCDEX ) 1937 | Turmeric ( NCDEX ) 6086 | Wheat ( NCDEX ) 2135
 
Kabuli Chana import duty increases up to 60%
Commodity Online | March 22 2018
UPDATED 12:08:33 IST

ADB retains Indian growth forecast at 7.3% for FY19

WB to provide transport subsidy to boost Potato export

India may double Ethanol blending to 8% in 2018-19: ISMA

Sugar mills sign pact to export 1.2 million mt of Sugar

NAFED and FCI Oilseeds, Pulses procurement at extreme slow pace

To restrict imports and aid proper remuneration to local farmers who cultivate Kabuli Chana, the government raised import duty on it to 60 percent from 40 percent.

All India Dal Mills Association president said, “Imports were killing the local farmers, who were not able to sell their produce due to cheaper imports, and they are not even getting the minimum support price for their produce due to large amount of imported Chana coming into the country from Australia and Canada”.

Madhya Pradesh is the leading producer of pulses in the country with a share of 35-40 percent in the total production. Due to higher production estimate of Chana this year, prices have fallen to Rs 35 per kg as against Rs 55 per kg about three months ago.

Farmers have shifted from wheat to Chana this year expecting better prices. According to the statistics from the agriculture department, farmers have sown wheat on over 5.75 lakh hectare while Chana has been sown on 4.75 lakh hectare.

Commodity Arrivals Rate
Mustard Oil 1 9050.00
Coconut Oil 1 13700.00
Arecanut 2 24000.00
Sugar 11.5 3410.00

More

×