News of I-Grain India in pulses and its impact
31-Jan-2025 08:50 AM
News of I-Grain India in pulses and its impact
★ I-Grain India was the first to highlight that record amounts of lentils were imported from January to December 2024, based on data from the last 10 years. This news was widely covered by media, news channels, newspapers, and websites.
★ Over the past three days, several news outlets have reported on the increasing lentil imports, particularly focusing on peas.
★ There is a growing consensus that further import of peas should be restricted.
★ The opening of imports has directly impacted farmers.
★ Experts have suggested that import duties should be structured in a way that the lentil imports are aligned with the Minimum Support Price (MSP).
★ The large companies and institutions that had pressured the government to open imports are now calling for a halt on imports.
★ The price of peas, which had reached a peak of 7,000 INR, is now trading at 3,200-3,300 INR.
★ To protect businesses involved in the lentil industry (importers, traders, processors, millers), it is crucial to make changes to the import regulations.