The current crop of certain pulses, including chana (gram, chickpea, all the same thing), looks like being fairly bumper. The proposal is therefore that there should be a 25% import duty on chana coming into the country in order to protect Indian farmers. Chana was expensive, so farmers planted more, meaning that chana should be becoming cheaper again. Recall that last year people were running around the world looking for chana to import into India. But how happy are they going to be the next time the chana crop comes up short?

Source: Forbes March 26, 2017 08:26 UTC