Quantitative restrictions on Indian pea imports extended

On July 2, 2018, the Ministry of Commerce and Industry issued a notification extending the quantitat…

On July 2, 2018, the Ministry of Commerce and Industry issued a notification extending the quantitative restrictions (QRs) on imports of peas by another three months until September 30, 2018.

The restrictions on pea imports,including yellow peas, green peas, dun peas, and kaspa peas effective till June 30, 2018, notified on April 25, 2018, and has been further extended till September 30, 2018.

On April 25, 2018, the Directorate General of Foreign Trade has issued a notification that moved imports of peas under from ‘free’ to the ‘restricted’ category under the import policy for the period of April 1 to June 30, 2018,with the import quota restrictions of only 100,000 metric tons.

Market sources report that imports against the 100,000 metric ton quota has been completed and the recent notification will not allow any further imports of peas till September 30, 2018.