For the benefit of farmers, the government sets a minimum import price of Rs 200 per kg on peas
The government has imposed a minimum import price of Rs 200 per kg on all kinds of peas, a move that could help curb cheaper imports and boost local prices.
“The import of green peas, including yellow peas, green peas, dun peas and kaspa peas is restricted and subject to a PMI of Rs CIF 200 per kilogram,” said the Directorate-General for Foreign Trade (DGFT ) in a notification.
He also said that imports are only allowed through the Kolkata seaport. Cost Insurance and Freight (CIF) is a term used in global trade jargon.
The minimum import price (MIP) is a temporary measure to protect domestic farmers against predatory import prices. Below this price, the importation of the goods is not allowed.
The DGFT is a branch of the Ministry of Commerce which defines the rules relating to exports and imports. The ministry has repeatedly imposed import restrictions on peas.
India is the world’s largest producer of pulses. The pulse production target is 24 million tonnes for 2018-2019, slightly up from 23.95 million tonnes in 2017-2018.