India has raised the import duty on chickpeas and lentils

2017-12-22 12:33:56
Machine translation
India has raised the import duty on chickpeas and lentils

the Indian government has raised the import duty on chickpeas and lentils up to 30%, reports the Western Producer. Recall that in November to 50% increased import duty on peas.

 

it is Expected that the increase in import duties on these legumes will support their own farmers, which in the 2018 plan to significantly increase the production of chickpea and lentils.

 

Almost immediately after the official announcement, by government decision, domestic prices of lentils in India rose by 4%.

 

According to experts, the increase in import duty will substantially reduce exports from Canada, which is considered the largest supplier of pulses to India. According to the Canadian grain Commission, within three months of the year Canada has declined compared to the same period last season, the exports of lentils with 170 thousand tonnes to 57.4 thousand tons, while canadian chickpeas while that is generally not exported.

 

After the introduction of the India import duty on peas by up to 50% the price of yellow peas in Canada in a few days failed on 40-50 $/t

 

In Ukraine, the production of chickpea and lentil is still under development, but the decline in world prices will lead to a reduction in acreage.