Indian Stock Market Tips|India's Pulses export more than doubles in April-July
India's pulses exports more than doubled in first four months of this fiscal after the government removed restrictions to increase shipments as it aims to double the country’s agricultural products exports to over $60 billion by 2022.
The export of pulses was 1,24,465 tonne during April-July this year against Rs 58,575 tonne in the year-ago period, up by 112.5%, according to official data.
Pulses export was restricted until November last year.
India’s total pulses exports were about 1,80,194 tonne, valued at $ 228.32 million (`1,473 crore) in 2017-18.
The decision to allow free export of pulses also helped the country to harvest record 11.23 million tonne chana in 2017-18 crop year (July-June) as the decision was announced during sowing season that begins around mid-October, officials said. Overall pulses production increased 9% to 25.23 million tonne in the last crop year.
Apart from promoting export, the government also in May this year restricted the import of urad and moong in both raw and processed forms to check price fall in the domestic market. In August last year, it had capped a quantitative limit of 3 lakh tonne per year on the import of these two pulses in raw form.
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