8/4/2023, 2:49 PM (Source: TeleTrader)
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India considers cutting wheat import duty

Indian Food Secretary Sanjeev Chopra said on Friday that his government is considering cutting the wheat import duty due to a sharp increase in wheat prices on the domestic market, the Hindustan Times reported. The duty currently stands at 40%.

The report also cited an unnamed source as saying that the Indian government is also considering authorizing higher stock-holding limits as a measure to bring down prices. Chopra added India does not plan to enter into a wheat import agreement with Russia.

Baha Breaking News (BBN) / DJ