Yellow peas need procurement ramp-up, not an import levy, which may boomerang

The Hindu Businessline |Oct 05,2017

The domestic pulse market is agog with reports that the government is considering levying an import duty on pulses, especially yellow peas, in order to lift indigenous pulse prices, most of which are ruling below the minimum support price. Any such fiscal move would be ill-advised and counter-productive. Without doubt, the primary duty of the government is to defend the Minimum Support Price (MSP) it has announced for pulses and ensure that growers do not suffer low prices for the second time. If MSP is not well defended, it could potentially lead to protests…

Source:http://www.thehindubusinessline.com/economy/agri-business/yellow-peas-need-procurement-rampup-not-an-import-levy-which-may-boomerang/article9889298.ece

2017-10-06T10:18:03+00:00 October 5th, 2017|Agri Commodities|