SASKATOON — India is extending its exemption on yellow pea import duties for another two months. “This is an important bit of good news for the industry,” said Pulse Canada president Greg Cherewyk. Related stories: “Certainly, at this point of the year it’s incredibly important.” The exemption has been extended to Dec. 31, 2024, from […] Read more
Tag Archives India
Producers await India’s decision on pea import duty
Prices are expected to remain stable if an exemption is extended this fall but drop if the government re-instates the duty
SASKATOON — The yellow pea market hinges on a looming policy decision in India, says an industry official. If India extends its exemption on pea import duties past the current Oct. 31, 2024, expiry date, it will spark another round of demand from that country, Rav Kapoor, chief executive officer of ETG Commodities Inc., said […] Read more
India is next big growth bet for food
REUTERS — India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the vacuum left by an uneven recovery in China. As India’s economy expands at the fastest pace among major emerging markets, companies strive to serve its diverse palate with new flavours and size variants to […] Read more
Russia, India strengthen ag trade relationship
Indian imports of Russian grain and grain products rose 22 fold this year, driven by pea, lentil, barley and corn shipments
MOSCOW, Russia (Reuters) — India increased its imports of Russian grain and grain products 22 fold in the 2023-24 agricultural season, well above other major importers, according to data released during Indian Prime Minister Narendra Modi’s recent visit to Moscow. Economic co-operation between the two BRICS members and major agricultural powers was high on the […] Read more
China displaced as agricultural market driver
China accounted for 28 per cent of global food consumption growth in the last decade, but that could fall to 11 percent SASKATOON — India, Southeast Asia and Sub-Saharan Africa are displacing China as drivers of agricultural markets, according to a new report.The paper, jointly released by the United Nations’ Food and Agriculture Organization (FAO) […] Read more
India extends exemption on pea import restrictions
The southwest monsoon is expected to deliver good rainfall this year
SASKATOON — India is extending its exemption on pea import restrictions to June 30. It had been set to expire on April 30. Farmers in that country are in the midst of harvesting their winter or rabi crop of pulses and it looks like another disappointing crop. The government estimates that growers will harvest 12.2 […] Read more
Indian farm protesters want more gov’t support
NEW DELHI, India (Reuters) — Thousands of Indian farmers gathered in New Delhi earlier this month to demand higher guaranteed prices for crops, intensifying a campaign launched a month ago. Here is a look at the controversy. Thousands of farmers from the northern state of Punjab launched a “Delhi Chalo” (Let’s go to Delhi) march […] Read more
India keeps door open for pea sales
Country extends its duty-free window, but increased opportunities for exports not expected to last
SASKATOON — India is extending its duty-free pea import window. The new rules call for a bill of lading to be in place by April 30, 2024. The previous regulation called for shipments to clear customs prior to March 31, 2024. Related stories: India is back in business on peas India may need to lift […] Read more
Monsoon disappointment affects Indian pulses
India's northeast monsoon produced less rain than normal, which in turn reduced the amount of pulses farmers plant
SASKATOON — India’s winter monsoon has been a disappointment, but farmers in that country still might harvest a record lentil crop, says an analyst. South Asia experiences two monsoons: the southwest or summer monsoon, which usually occurs from June through September, and the northeast monsoon from October to December. Related stories: India may need to […] Read more
Will India open a second window for duty-free pea imports?
SASKATOON — The Indian government might have to consider opening a second window for duty-free yellow pea imports, according to a senior industry official from that country. “Maybe in the back end of the season,” Manek Gupta, managing director of Viterra India PVT Ltd., said during a recent webinar hosted by the India Pulses and […] Read more
