Chickpeas Shocked By Duty Changes

PANAMA - Mar 3/18 - SNS -- International chickpea markets finished the week's trading on an uncertain note against ideas Mexico's frost was not as bad as feared and changes to India's import duties.

Desi chickpea exporters were shocked to discover the import duty for their product would jump from 40% to 60%. By contrast, kabuli chickpea exporters were relieved to see the country create a new entry for their product, with the import duty remaining at 40%. Previously, kabuli and desi chickpeas were covered by the same entry.

Australia expected the Indian government to provide pre-advice of further increases to import duties based on discussions between the two governments. But the latest increase appears to come into effect immediately.