Australia: Export opportunities increase as India reduces tariff on lentils

Published 2022년 2월 22일

Tridge summary

India has eliminated the tariff on lentils for all countries except the United States until September 2022, reducing it from 33% to nil. The tariff on U.S. lentils has been lowered to 33% from 55%. This move is expected to make Australian lentils more competitive in the Indian market. The Indian government may extend the tariff reduction or increase it to protect local farmers. Australia is one of the key suppliers of lentils to India, which is the world's largest consumer of these legumes.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Update: On 13 February 2022, India reduced the tariff on lentils to nil until 30 September 2022 for all countries except the United States. Lentils from the United States will still be subject to a 33% tariff, down from 55%. The tariff reduction will make Australian lentils (HS0713.40.00) more competitive in the India market. In July 2021, India had reduced the import tariff on lentils for all countries from 33% to 11%. The nil tariff aims to reduce the retail price of Masoor Dal (lentils). The Indian Government holds limited lentils buffer stock, unlike chickpeas and pigeon peas. Its ability to lower retail prices by releasing stock into the market is limited. Australian exporters should assess the Indian market’s commercial viability following the tariff reductions. Exporters should also track the availability and retail prices of tur/pigeon pea. Lentils can be used as a substitute if tur prices are too high. Exporters should track lentils planting, especially in Madhya Pradesh ...

Source: Austrade