Import duties for wheat & chana will remain unchanged for the time being

The government has opted not to reduce import duties on chana and wheat, citing a sufficient buffer for market interventions at retail and wholesale levels to stabilize prices. Nafed's farmers' cooperative will manage a 2.2 MT buffer stock, selling chana under the Bharat Dal initiative until new crops arrive in April. Chana imported from Australia faces a 66% import duty, while duties on pulses from least developed countries are eliminated. Trade sources recommend lowering the 40% import duty on Russian kabuli chana to enhance domestic supplies. Nafed recently sold chana in the open market at prices exceeding the MSP of Rs 54.4/kg for the 2024-25 season, ranging from Rs 58 to Rs 63/kg.

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