India ponders pulse import limits Back to News & Events List


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


Recent News


10

07/2018
India: Total Cargo Traffic Handled at Major Ports Increases by 107.52 MT in April- May 2016

The Ministry of Shipping has initiated many measures to improve the performance of ports which include mechanization of the terminals, improving the TAT (turn-around time), qui...

21

06/2018
Digitalization expected to transform the global shipping industry

The recently concluded Maritime Silk Road Port International Cooperation Forum in Ningbo City saw shipping industry experts from around the world discuss new ways to boost the ...

17

05/2018
Shipping freight market revives: Indian companies are yet to see the change

The shipping freight market is turning the corner, and the worst seems behind it. The freight market is here to stay firm, at least for some time, say analysts. From next year,...

08

05/2018
India April Iran oil imports up 49 pct from a year ago -tanker data

India’s oil imports from Iran rose 48.8 percent in April from a year ago as refiners bought more crude after the lifting of sanctions against the OPEC producer, although ...