India imposes a duty on wheat imports

31/08/2015,

The Government of India has confirmed earlier plans and announced the introduction of a 10 percent duty on wheat imports beginning from early August until 31 March 2016. The measure aims to reduce level of imports and encourage consumption of ample stocks of domestically produced wheat held by the Food Corporation of India (FCI), the nodal agency for procurement and distribution of food grains. Lower global prices and high-quality grains are making wheat imports more attractive than domestic wheat to flour millers and private traders.

Country: India