Home Page Contact Site Map
Welcome To Golden Land, Myanmar
Check Out the Best Places To visit During Your Stay!
from: to
Note:: Some of the places in Myanmar are not available to visitor all year round.  
More on Business News  
India slaps restrictions on import of pulses
May 15, 2018 Source : Mizzima
Views : 462

The Embassy of India in Yangon on Friday announced important changes for the coming fiscal year to India's trade policy for several varieties of beans, placing restrictions on the import of pigeon peas, mung beans and urad (black) beans.
        The loss of “free” status for these imports comes at a time when Myanmar has seen a plunge in prices for domestic pulses, with India its largest export market.
        These moves follow restrictions placed in August 2017 on mung beans and pigeon peas, the latter an export that went from generating $159 million in Fiscal Year 2016 to just $91 million as of February 2018, according to Global New Light of Myanmar.
        In addition to pigeon peas being subject to an annual quota of 200,000 metric tonnes and urad and mung each capped at 150,000 metric tonnes, Myanmar exporters have until May 25 to apply online with India's Directorate General of Foreign Trade. Additionally, all current imports must be completed by August 31, according to the DGFT.
        The Myanmar government has a Ks15 billion fund on hand in the event that the price of pigeon peas drops below Ks300,000 per ton and fails to cover cultivation costs, according to Global New Light of Myanmar.

Mobile Version
Latest News
Art & Culture
Music & Dance
How To Speak
Traditional Food
Things To Know
Photo Gallery
Video Clips
Embassy Info

Copyright © Shwe Myanmar Travel Infomation   2019 All right Reserved.