Financial Daily from THE HINDU group of publications
Friday, Jun 09, 2006
Financial Daily from THE HINDU group of publications Friday, Jun 09, 2006 |
|
|
|
|
|
|
|
Agri-Biz & Commodities
-
Pulses Industry & Economy - Exports & Imports Govt allows pulses import at nil duty Our Bureau
New Delhi , June 8 In a bid to check spiralling domestic prices, the Union Government has allowed duty-free import of pulses, as against the present 10 per cent. This facility of exemption from customs duty is available up to March 31, 2007 and "will apply only to imports through ports having the capacity to handle bulk imports", according to a Finance Ministry release here today. India annually imports between 1.5 to 2 million tonnes (mt) of pulses, valued at Rs 2,000-3,000 crore. With domestic production stagnant at 13-14 mt and build-up of speculative pressures, prices have hardened considerably over the last year. Wholesale urad (black gram) was quoting at Rs 31.81 per kg in Mumbai today, against Rs 18.20 per kg on this date last year. Over this period, spot chana (chickpea) prices in Delhi have risen from Rs 16 to Rs 24.52 per kg. Prices are ruling much higher at the consumer end.
More Stories on : Pulses | Exports & Imports | Excise and Customs
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|