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  • Jul 04, 2015
  • Food Ministry proposes 10% duty to curb cheap wheat imports

    After reports that private traders in South India had begun importing wheat, the Food Ministry has forwarded a proposal to the Commerce Ministry seeking a 10 per cent import duty on the foodgrain to curb cheaper imports.Wheat is available in the domestic market for Rs. 18.50/kg, while the imports, mainly from Australia, are pegged at Rs. 17/kg. There is no import duty on wheat at present.

    Source - http://www.thehindubusinessline.com