New Delhi, Mar 11 (PTI) India has extended duty-free imports of Urad for another year until March 31, 2026, according to a government notification.

The provision was earlier in place until the end of March this year.

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Myanmar is the main exporting country of Urad to India.

"The free import policy of Urad stands extended up to March 31, 2026," the Directorate General of Foreign Trade (DGFT) has said in a notification.

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The move would help in stabilising prices of the commodity in the domestic markets.

The imports stood at USD 601.12 million during April-November this fiscal. Out of this value, USD 549 million worth of the grain was imported from Myanmar.

The imports stood at USD 663.21 million in 2023-24 (USD 646.6 million from Myanmar). Besides Myanmar, India imports Urad from Singapore, Thailand, and Brazil.

The bilateral trade between India and Myanmar was USD 1.74 billion in the last fiscal. It was USD 1.76 billion in 2022-23. The trade gap is in favour of Myanmar.

The major Urad producing states are Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, Rajasthan, Tamil Nadu, and Maharashtra.

India is the world's largest producer and consumer of urad.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)