India: How Delhi's bold tariff-free chickpea deal has left an upbeat trade outlook

Published 2024년 11월 3일

Tridge summary

India has temporarily removed import tariffs on chickpeas from Australia until March 1, 2025, making Australia the largest exporter of chickpeas to India. This decision comes as India's own chickpea production is expected to be lower due to a poorly timed monsoon. The removal of tariffs has led to a significant increase in Australian chickpea prices. The Department of Agriculture, Fisheries and Forestry is also working with Indian officials to allow phosphine fumigation as a treatment for grains and pulses. Australia is preparing its exporters and farmers to meet the deadline for shipping chickpeas to India by January, with demand also coming from Pakistan, Bangladesh, the Middle East, and the UK.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As nervous farmers and exporters rush to get a whopping 1.5 million tonne chickpea harvest into ships bound for the tricky Indian market, there is rising optimism about improving trade stability for one of India's most valued food staples. Until May, India had effectively banned Australian chickpeas since 2017 imposing import tariffs of between 33 per cent and 66pc. In a notable and politically-bold move, the government in Delhi dropped its import tax until March 1, 2025, re-opening its gates to the world's biggest chickpea exporter. The introduction of the tariff-free period was actually timed to give Australian croppers confidence to plant knowing they would get access to the valued Indian trade and could be rewarded with relatively predictable harvest prices. India endured a patchy monsoon season last year and below average crop yields. The government recognised local production was unlikely to satisfy the nation's big hunger for desi chickpeas before its next winter (rabi) ...
Source: Farmweekly

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