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
India on Monday extended $200 million lines of credit to Rwanda as Prime Minister Narendra Modi held wide-ranging talks with President Paul Kagame and discussed measures to str...
Dispelling the misconception that India subsidises its exports, Commerce Minister Suresh Prabhu today asserted that the country fully complies with the guidelines of the WTO, w...
India today told the Trump administration that the Generalized System of Preference program (GSP) would enhance India's development and the pace of economic reforms, urging...