Even though India is seeing an early start to the monsoon season, the lower production and high demand expectations are a bit bullish for chickpeas prices.
Where are desi chickpeas prices headed? Australia relies on India to absorb their surplus, so the recent import tax will inevitably affect price points.
If you’re thinking that India’s import tax on chickpeas is going to calm down, we would encourage you to rethink that one. The situation is far from over.
What are the grain market analysts in India saying about the effect of the Indian import taxes on chickpeas? Has the government not thought this through?
India’s chickpeas tariff climbed from 44% up to 60% last week.
The bigger issue is the precedent it’s setting.
While there were some distractions to Prime Minister Trudeau’s recent visit to India, we have to agree that it did open up some issues on pulses.
After a few weeks without rain and Canadian Prime Minister Trudeau there face-to-face this week, is India starting to come its senses about pulse import taxes?
Successful harvests and falling prices in India led to a 30% import tax for chickpeas introduced in December.
They just took another hit.
India’s 30% chickpea import tax introduced in early December was welcomed by no one in the industry.
And while they’re within their WTO rights, it’s eerily similar to strategies employed in the grocery store industry.
If you’re looking to export chickpeas to India this year, we would consider rethinking that because the India government says they don’t want them.