India Extends Duty-Free Yellow Peas Imports Through March 2027

India Extends Duty-Free Imports of Yellow Peas

The Indian government has extended the period for duty-free imports of yellow peas until March 31, 2027, according to a notification issued by the commerce ministry on Saturday. This move marks a significant extension of the previous deadline, which was set to expire on March 31, 2026.

The commerce ministry has stated that all other terms and conditions governing duty-free imports of yellow peas will remain unchanged. India, the world's biggest importer of this commodity, primarily sources its supplies from Canada and Russia. As the country's reliance on these countries for yellow peas continues, the extended import period is likely to have a significant impact on the global market.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data