India is contemplating import duties on peas and lentils, says a commodity markets specialist.
In an article he wrote for the Hindu Business Line, G. Chandrashekhar said the Indian government is at its wits end trying to figure out how to prop up low pulse prices.
Market rates for pigeon peas are 20 percent below the government’s minimum support price.
In response, the government has restricted imports of pigeon peas, black gram and green gram to 300,000 tonnes annually.
Chandrashekhar said many fear the government is now going to turn its attention to other pulses such as chickpeas, yellow peas and lentils.
A tariff barrier (imposition of customs duties) is being contemplated, he said.
Chandrashekhar said that would be a short-sighted move that would punish Indian consumers, especially in the case of yellow peas, which are the cheapest pulse in the world and the only thing keeping chickpea prices from running away.
Brian Clancey, editor of Stat Publishing, says Canadian exporters do not need to fret as long as the trade action is limited to duties.
Original Source: producer.com
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