Import Duty On Yellow Peas Will Lift Demand For Chana
Traders and the trade have welcomed the primary government decision to impose 50 per cent import accountability on yellow peas as this import restrict would make individuals go for dal varieties like chana and tur dal as soon as the present yellow pea inventory is exhausted. People tend to go for yellow peas as it's much cheaper than chana and tur dal. The decision comes at a time when the country is looking at a bumper crop of chana and is suffering from extra tur output this season. NCDEX future prices of chana for March and April delivery were 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 responsibility on yellow peas is expected to divert India-sure shipments coming from Ukraine and Russia to different locations. "As such, without a new shipments of yellow peas coming to India, home provides could recover from in about two months, after which, ther...