India Region

After the ban on Mung imports prices surges in India

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23 February 2022, New Delhi: The imposition of ban on import of Moong with immediate effect by the Union Commerce Ministry through a notification dated 11 February 2022 is having a profound psychological impact on the domestic market price and has led to a steep rise in its prices in the important mandis of major producing states.

According to the available data with Igrain India a research company, the prices of moong increased by Rs 100-800 per quintal on February 22 as compared to February 11 in important mandis of Rajasthan, Madhya Pradesh, Maharashtra, Karnataka and Uttar Pradesh. It increased by Rs 500-1000 per quintal in Sumerpur mandi and Rs 800 per quintal in Lalitpur mandi. Price of Moong increase in Jodhpur is Rs. 300 per quintal, Gulbarga (Kalburgi) Rs.500 per quintal, Latur Rs.100, Merta City Rs.200, Pipariya Rs.200-500, Indore Rs.200-300, Ahmednagar Rs.400 And an increase of 200 to 500 rupees per quintal was registered in Kekdi Mandi.

On the other hand, there was no change in the price of moong in Barsi and Harda mandi. In Myanmar, the price of moong has come down slightly. The largest import of moong in India comes from Myanmar. It is to be known that the Ministry of Commerce had earlier allowed the import contract of moong till 31st March and it to reach Indian ports by 30th June. For this period, the import of moong was announced to be included in the ‘free’ list by taking it out of the restricted list, but suddenly on February 11, the ministry issued a notification banning the import of moong. Due to this the importers are very worried and upset. It is to be noted that at present, the arrival of new moong goods has not started anywhere.

The Kharif season moong crop has already been harvested while the Rabi season moong supply is about to start in the next few days. In such a situation, everyone is surprised by the sudden government decision to ban imports. There was also no unexpected fall in moong prices. Various organizations are finding the government order unfair and are demanding its withdrawal. The interesting fact is that the very next day the Ministry of Commerce imposed a ban on the import of moong, the customs duty on the import of lentils was drastically cut. Under this, import of lentils from countries other than America was made duty free and the import duty on American lentils was reduced from 33 percent to 22 percent.

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