Peas And Indian Politics
PANAMA - Feb 23/18 - SNS -- International field pea markets were generally unchanged during the past week.
Markets are trying to gauge the impact of all the back room politics on long term demand. The Indian government has indicated it will give pre advice of future changes in import duties and says it will work with Canada and other countries on alternatives to fumigating cargoes with methyl bromide at time of shipment.
A key change sought by Australia and Canada is that India will not apply import duty and other policy changes to afloat cargoes. Because recent duty increases affected all shipments which had not cleared customs on the day the change took place, there were numerous reports of contract defaults by importers.
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