There is a difference between the Chinese and Indian pea tariffs—the ones imposed by China earlier this year were political, while the duties imposed by India are designed to protect its domestic farmers.
It does not make much difference for a Western Canadian pea producer—a tariff is a tariff. India’s 30 per cent tariff impacts all countries, including Canada. The 100 per cent Chinese tariffs on yellow peas and canola earlier this year were in retaliation for Canadian duties on Chinese electric vehicles and steal.
The Chinese trade tariffs have caused domestic yellow pea prices to drop 43 per cent since spring.
More peas may have to head to the feed market, which would impact prices for other grains.