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India Allows Import of Pulses
India has opened up the import of pulses like tur, moong, and udal dal after three years as the commerce ministry has put these three pulses from restricted to open category. With this move, the supply of pulses is likely to increase, which will keep the rising prices in check.
This step is likely seen as a proactive step citing the lower buffer stock of pulses available in the country. An Economic Times report suggests that India is expected to import ~2,50,000 tons of tur, ~1,50,000 tons of urad, and around ~50,000 – 75,000 tons of moong beans in the coming months.
The decision to import pulses will help in keeping the prices down, which is necessary to keep inflation in check. However, it could agitate those farmers and traders who are holding stock of these pulses. As it could mean a potential loss for them.
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