Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
Import duty on yellow peas will raise demand for chana
Nov 14, 2017

Traders and the industry have welcomed the central government decision to impose 50 per cent import duty on yellow peas as this import restriction would make people opt for costlier dal varieties like chana and tur dal once the existing yellow pea stock is exhausted. 
 
People tend to opt for yellow peas as it is much cheaper than chana and tur dal. 
 
The decision comes at a time when the country is staring at a bumper crop of chana and is struggling with excess tur output this season. 
 
 
 
NCDEX future prices of chana for March and April delivery have been ruling at Rs 42.70-42.90 per kg. For farmers, this translates to about Rs 41 per kg, which is lower than the MSP for 2017-18. 
 
Imposition of import duty on yellow peas is expected to divert India-bound shipments coming from Ukraine and Russia to other destinations. 
 
 
    

The Economic Times

Archive