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India continues to raise tariffs on pulse growers

 
More tough news for Saskatchewan pulse growers.
 
India is raising the tariff on chickpeas another ten percent to a total of 40 percent.
 
Grain Analyst, Greg Kostal remains optimistic efforts to diversify markets will be helpful for prairie farmers.
 
“We’ve been through this before, but the reasons are radically different,” Kostal said.
 
“There’s some good demand components with field peas as an example, in the protein fracking and the starch story that I think are going to become paramount and ultimately displace the reliance that we’ve had on India in the past,” he said.
 
Source : CKRM

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.