Import Duty on chana, masoor gives sigh of relief to merchants

Source: The Hitavada      Date: 25 Dec 2017 10:28:15


 

Business Bureau,

The city-based Wholesale Grain and Seeds Merchant Association on Thursday expressed satisfaction over the Union Government’s move of imposing 30 per cent Import Duty on chana and masoor thereby protecting the interest of farmers.
The Government has imposed the duty as production of the commodities are expected to be high in the upcoming season.
Pratap Motwani, President of the Association, said that the Government has taken timely action as the prices of the pulses were falling and farmers were bearing its brunt.


Motwani has recently urged the policy makers to impose heavy duty on import of pulses. “Chana (gram) is expected to see bumper production as many farmers have cultivated it. We are likely to get 1.05 crore tonne of the chana in the current season as against the previous year’s production of 90 lakh tonne. There is enough of the commodity here in the country and we do not need to import it,” he said.


As the falling prices of pulses had become a cause of concern for many, Motwani had demanded the Government to take corrective steps and safeguard the interests of farmers and sellers. Motwani had asked the Government to the put a ban on import of the chana.


The commodity has recently touched a price level of Rs 3,980 per quintal which is lowest in last 36 months. Besides, what was more annoying the farmers was the fact that chana had been trading at a price well below its minimum support price (MSP). Its MSP is Rs 4,200 per quintal.