Thursday, 05 October 2017
India may soon double the import duty on wheat
The country can increase the duty from 10% to 20-25%
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The government of India with a high degree of probability will increase the import duty on wheat from the current 10% to 20-25%, to restrict cheap imports and encourage local farmers to begin sowing winter crops after the main Hindu festival of Diwali (20-24 October).
Trade statistics showed that the introduction in March of the current year 10% import duty did not stop imports. Starting in April, private companies have imported around 850 thousand tons of wheat. In the near future is expected to supply 150 thousand tons.
Photo: indiamart.com
Translated by service "Yandex.Translation"
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