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India may double the import duty on wheat
Members of the Federal government of India is the head of the Ministry of food, Ministry of agriculture, Ministry of trade, Ministry of Finance today, February 15, will commence the discussion of issues of customs regulation of foreign trade in agricultural products
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Including may be considered to double the import duties on wheat. Currently, the fee is 20%.

The proposal to increase import duty on wheat to 40% was received in early February, but was postponed until after sowing and the appearance of the official forecast of production.

Today formal grounds to postpone the decision on the duty there. Sowing of wheat in India completed. The area sown compared to last year dropped by 4.3% to 30.43 million tons. With an average yield of 31 t/ha, the country can count on a harvest of 95 million tonnes. Prior to beginning Seva official forecast stood at 97.5 million tons.

Currently, the Ukrainian wheat after paying 20% import duty costs on the domestic market in Bangalore 18500 rupees per tonne, while domestic wheat - 20200 rupees per ton. However, Indian millers prefer higher-quality Australian wheat for 20900 rupees per ton.

Photo: zshavl.cz



Translated by service "Yandex.Translation»
Источники: Зерно Он-Лайн
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