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India Slaps Duty on Peas, Wheat

Posted November 09, 2017

Under Economic Issues, International Trade Issues


(D’Arce McMillan – Western Producer)

India’s government has imposed a 50 percent duty on peas and a 20 percent duty on wheat.

Pulse prices in India are suffering because of a bumper harvest of all crops in 2016-17 and a good summer crop in the current crop year.

The country also still has substantial supplies of imported pulses.

The Times of India reports that as Indian farmers start seeding their winter crops the government wanted to provide positive price signals to increase production. Click here to read more.

Related: Surprise Indian Duty on Peas Leaves Canada Scrambling (Western Producer)