Business & Policy
Canada’s peas acreage set to fall as top buyer India imposes tariff
India’s decision to impose a steep tariff on pea imports could jeopardize $1 billion worth of pulse trading with Canada, which may cause farmers there to trim their pea acreage by nearly one-third.
Earlier this month, India imposed a 50 per cent import tax on peas, as pulse prices fell below their government-set support levels because of record output.
The duty is expected to lift domestic pulse prices and spur farmers in India, the world’s biggest buyer of pulses, to boost pulse plantings, reducing import requirements in 2018. READ MORE
Related: Statement by the Government of Canada on pulse exports to India