India slaps 30 per cent import duty on yellow peas

That’s a big market for us.” Why it Matters: Canada desperately needed the Indian market because it is shut out of China. Canada is now facing trade-reducing tariffs in both of its top markets. China imposed a 100 per cent tariff on Canadian peas in March in response to Canada’s tariffs on Chinese electric vehicles, steel and aluminum. The trade barriers are taking a toll on yellow pea prices, which are already down 34 per cent from a year ago, according to Saskatchewan Agriculture. “Typically, we’re $10 per bushel off the combine and we’re quite a bit lower than that,” said Squair. Stat Publishing lists the average medium No. 1 yellow pea bid at $6.95 per bu. as of Oct.29. Vivek Agrawal, director of JLV Agro, an Indian commodity brokerage firm, said farmer unions in India pressured the government to implement the duty. “They already filed a cast against the Government of India to put a duty on yellow peas,” he said. They believe the duty-free imports were depressing prices for ...