India extends duty-free import of yellow peas by two months till February 2025

Source:  The Economic Times
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India has extended the timeline for duty-free imports of yellow peas by two more months until February 2025, according to an official notification from Directorate General of Foreign Trade (DGFT).

In early December 2023, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April, then June, and later till October and December.

It was part of New Delhi’s intervention to cool the prices of the overall pulse basket.

Reportedly, the duty on yellow peas was first implemented in November 2017 at 50 per cent. India largely imports yellow peas from Canada and Russia.

India is a large consumer and grower of pulses and it meets a portion of its consumption needs through imports.

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