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Surprise Indian duty on peas leaves Canada scrambling

Surprise Indian duty on peas leaves Canada scrambling

November 9, 2017

 

The Canadian pea industry was shocked this morning to wake up to a notice from India declaring a 50 percent tax on pea imports to the country.“This sort of moves us beyond even where India has been before in pulse import duties.… More than a decade ago we were at 10 percent. So to sort of move to the maximum allowable for peas under WTO rules has surprised us all,” said Gordon Bacon, chief executive officer of Pulse Canada.

 

“That is a very horrible news for us as exporters…. India is our biggest buyer of pulses, of peas. So if India doesn’t want to buy, where will our yellow peas go?” said Meiyun Li, general manager with ADM Ag Industries in Saskatoon.The Indian government imposed the 50 percent import tax on peas due to pulses falling below the government-set support level in the local market, according to Reuters.

 

India mainly imports peas from Canada, Russia, the United States and France. Last year the country’s pea imports jumped up 41 percent from the previous year to a record of 3.17 million tonnes, according to reports.

 

Source: http://www.producer.com

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