1. Home >
  2. Export Import News >
  3. Import News >
  4. Dimishing India's stockpile of pulses will create opportunity for Australia: Pulse grower's body >
  5. Dimishing India's stockpile of pulses will create opportunity for Australia: Pulse grower's body

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Dimishing India's stockpile of pulses will create opportunity for Australia: Pulse grower's body.

Date: 04-04-2019
Subject: Dimishing India's stockpile of pulses will create opportunity for Australia: Pulse grower's body
India's domestic stockpile of pulses could deplete to critical levels by the end of this year and the country will be back into the market to restore its supplies, which will create an opportunity for Australia to capitalise on the situation following strict import tariffs, according to an official of Australian pulse growers' body.

India, in 2017, implemented a number of tariffs on imported chick peas, a 30 per cent duty, and lentils in a bid to protect domestic production.

"Their stockpile is diminishing. By the time we come around to the end of our season, India will be back into the market to restore their supplies, and we hope Australia can be a part of that equation," Pulse Australia chief executive Nick Goddard was quoted as saying in a media report.

Pulse Australia is a peak industry body that represents all sectors of the pulse industry, from growers and agronomists through to researchers, merchants, traders and exporters.

Goddard said Prime Minister Narendra Modi was looking to woo the farming community, which form a large constituency, in the backdrop of upcoming general elections.

"Modi's party has a large constituency of farmers. Supporting the farmers is very important to him. India was sitting on a lot of chick peas at the start of last year, and the tariffs came on to provide price support for growers," he said, adding "It's unfortunate for us, but it's understood."

However, he said that the stockpile could diminish giving Australia a chance to get back in the Indian market.

He said he also doesn't foresee an immediate reaction after the election.

"I don't really see any major change from a tariff or non-tariff perspective. In the meantime, their supplies are being eaten into. By the end of the year, they will be back into the market, and looking to supplement their domestic stocks," Goddard added.

With winter crop sowing approaching, Goddard said demand for animal feed was still strong and that it was expected to see a swing towards those to support the feed market.

"The drought doesn't end overnight, animals still need to be fed," Goddard said.

"Internationally, there's a global shortage of faba beans. Global silos for faba beans could be empty by the end of April. There's a huge need to restock the supply chain, let alone supply markets in the Middle East."

"Probably favour the easier to grow wheat and barley, with the expectation India will return to the market by the end of the year, that gives more confidence than this time last year," Goddard said.

Source: moneycontrol.com  

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 27-05-2020
Notification No. 9/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of 'Electronic Calculators of all types excluding calculators with attached printers, commonly referred to as printing calculators; calculators with ability to plot charts and graphs, commonly referred to as graphing calculators; programmable calculators',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR and in supersession of the notification No. 24/2015- Customs (ADD), dated the 29th May, 2015.

Date: 22-05-2020
Notification No. 47/2020-CUSTOMS (N.T.)
Appointment of CAA in case of in case of M/s Satnam Steels, Rajkot.

Date: 22-05-2020
PUBLIC NOTICE No. 06/2015-2020
Inclusion of Gopalpur Port, Odisha as a Port of Registration under Para 4.37 of Handbook of Procedures, 2015-2020.

Date: 22-05-2020
TRADE NOTICE NO. 12/2020-2021
Issuance of Preferential Certificate of Origin for India’s exports to Thailand and Vietnam under ASEAN-India FTA

Date: 21-05-2020
Notification No. 24/2020 - Customs
Seeks to amend notification No. 56/2000-Customs dated 05.05.2000, No. 57/2000-Customs dated 08.05.2000 and No. 40/2015-Customs dated 21.07.2015 providing for extension of last date of export by six months, for those cases where the last date of export falls between 01.2.2020 and 31.7.2020 due to the outbreak of COVID-19 pandemic.

Date: 21-05-2020
Notification No. 25/2020 - Customs
Inclusion of Gopalpur Port [INGPR1] as notified port for getting benefits under AA/ EPCG schemes and other export incentive schemes like MEIS/SEIS and other such schemes.

Date: 21-05-2020
Notification No.46/2020 - Customs (N.T.)
Exchange Rates Notification No.46/2020-Custom (NT) dated 21.05.2020.

Date: 21-05-2020
Notification No.10/2020-Customs (ADD)
Seeks to amend notification No. 27/2015-Customs (ADD) dated 1st June, 2015 to extend the levy of Anti-Dumping duty on acrylic fibres originating in or exported from Thailand for a further period of 6 months.

Date: 20-05-2020
Instruction No. 06/2020-Customs
Instruction Number 06 - Customs on Requirement of Veterinary Certificate

Date: 19-05-2020
Notification No. 45/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001