Pulse importers have run into trouble following the government’s statement last Friday restricting the import moong beans with immediate effect. Previously, moong beans could be imported under the “free” category if a bill of lading was issued before March 31, 2022 and customs clearance was completed before June 30, 2022.
“Based on the ‘free’ import policy, Indian market players have entered into binding contractual commitments for the import of moong from other countries into India,” said Bimal Kothari, Vice President of the India Pulses and Grains Association (IPGA). Only two months ago, the Indian government approved the “free” entry of moon, but that policy was suddenly reversed overnight. We call on the government to review the import restriction announcement and reinstate the ‘free’ import policy on behalf of all market participants.”
“Frequent policy changes put Indian market players in trouble, while their foreign counterparts are left in the dark. Changes like this are detrimental to foreign trade and contradict the goal of “ease of doing business”. “of India. Accordingly, we recommend that the government provide the market with adequate warning before implementing any new rules that may jeopardize current trade obligations,” Kothari continued.
“Because Indian importers have contracted shipments which are now on their way to Indian ports, we request that the Union Ministry of Trade and Industry rescind this announcement. If these shipments are not allowed to be imported , it would cause significant financial hardship for Indian companies as well as market pandemonium,” he said.
the The Minister of Agriculture estimated moong production at 2.06 million tons in its first advance estimate released on September 21 last year, which is higher than the forecast 2.02 million tons and the fourth advance estimate of the year previous 2.01 million tonnes. Due to erratic rainfall in regions like Rajasthan, Karnataka, Maharashtra and Madhya Pradesh among others, the trade expected less yield. Moong’s area is expected to be 5.13 lakh ha for the current rabi season, which is lower than the typical area for the season of 9.4 lakh ha and 7.03 lakh ha in the previous year.
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