News

Game changer as India dumps chickpea tariffs

Published May 7, 2024

Tridge summary

The Australian pulse industry is celebrating the Indian government's decision to remove tariffs on Australian chickpea imports until March 31, 2023, marking a significant turnaround for the Australian chickpea industry since the imposition of tariffs in 2017. This development, applauded by industry leaders like Peter Wilson and Sam Sloane, has led to a surge in prices for Australian desi chickpeas, providing Australian producers with increased market access and offering benefits to Indian consumers. The removal of tariffs is expected to boost the Australian chickpea industry, which has faced challenges since 2016-17, and may inspire more plantings, despite logistical challenges. This move is seen as a positive step in the Australian-Indian pulse trading relationship, underscoring the importance of ongoing government and industry dialogue.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australian pulse industry leaders have hailed the Indian government's decision on the weekend to scrap tariffs on Australian chickpea imports until March 31 next year as the biggest news for the Aussie chickpea industry since India first imposed the tariffs in 2017. Prices for Australian desi chickpeas have soared to as high as $1150 a tonne on the back of the news. "This is a really big deal for our desi chickpea producers, India is both the biggest producer and biggest consume of desis so to have unrestricted access to the market is fantastic news," said Grains Australia pulse council chairman Peter Wilson. "We think this will be great news both for Australian producers and Indian consumers," he said. India dominated Australian chickpea exports until 2017 when the Indian government implemented tariffs of 33 per cent that then rose to 66pc making it practically impossible for Australian exporters to compete. Mr Wilson said the Indian government had been watching worsening ...
Source: Farmweekly
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