India Weighs Lower Pulse Duties
India is considering lowering import tariffs on lentils and yellow peas to boost supplies and curb food inflation. A patchy monsoon has raised concerns over domestic output, prompting potential measures to bridge the gap between demand and supply.
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India is considering lowering import tariffs on lentils and yellow peas to curb food inflation after a patchy monsoon lowered domestic output, government and industry sources said on a Wednesday afternoon. The potential tariff adjustments follow earlier reductions on vegetable oils and adjustments to Sugar exports. Food inflation has been rising since December, reaching 5.95% in August.
