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India hikes chickpea duty again

India hikes chickpea duty again

India hikes chickpea duty again

Source: The Western Producer

The Indian government has raised the import tariff for chickpeas from 40 percent to 60 percent. This is the second time India has raised the tariff. | File photo

WINNIPEG (CNS) — The Indian government has raised the import tariff for chickpeas from 40 percent to 60 percent. This is the second time India has raised the tariff.

Published in the Gazette of India on March 1, the government said the tariff is to be imposed immediately, due to circumstances that make it necessary to take immediate action.

On Feb. 28 Reuters published a story stating India’s cabinet had approved doubling state purchases of oilseeds and pulses from farmers, in a bid to boost local output and prevent distressed sales.

India originally placed a 30 percent tariff on imports of chickpeas and lentils on Dec. 21, which had followed a 50 percent tariff on pea imports on Nov. 8 — the maximum allowed under World Trade Organization rules. The chickpea duty was raised to 40 percent on Feb. 7.

The tariffs were placed in order to support Indian farmers who faced lower commodity prices following large world crops of pulses.

Read the full article here.

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