Import duty levy on chana to hurt up to 80,000 tn of deals this year.

Roughly 20% of India’s total import deals of about 400,000 tn for desi chickpeas this year are under a cloud due to the imposition of import duty on chana. Deals for import of about 40,000 tn desi chickpeas are being renegotiated, after the duty. Another 40,000 tn of pulses, including Desi chickpeas and yellow peas, is being diverted to China, as import duties have made imports unviable. India imposed 30% import duty on chana in December and then raised it to 40% on Feb 6, to check the fall in local prices. The deals to import desi chickpeas, most of which are coming from Australia, were inked at over $700 a tn last year. With the import duty now in place, and the fall in local prices, traders have faced a loss of about $350 a tn.