The move has come after the price of tur and urad saw a sharp jump in prices this week. The prices of the two commodities have been high since early this year which has influenced prices of the entire pulses complex. Lower-than-expected arrivals coupled with good demand are keeping prices under pressure. The government has already allowed the import of both commodities at zero duty till March 2024.
Titan’s CV Venkataraman optimistic that Budget will boost consumer spending in urban markets
The customs duty had about 550 crore estimated impact when the announcements came in July and it is by and large played out to that
February 5, 2025