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India doubles wheat import tax to 20 percent: govt order

Reuters  |  NEW DELHI 

(Reuters) - has doubled its import on to 20 percent, according to a order made on Wednesday, as the world's second biggest producer tries to rein in to support local prices.

In the last two years has been importing after local production fell due to successive droughts. Indian farmers have started sowing new season that will be ready for harvesting from March.

had imported 5.75 million tonnes of in the 2016/17 fiscal year ended on March.

The on Wednesday also imposed 50 percent import on peas as prices of pulses fell below the government-set support level in the local market.

peas mainly from Canada, Russia, United States and France. In 2016/17, India's pea jumped 41 percent from a year ago to a record 3.17 million tonnes.

of are not possible with a 20 percent import duty and even overseas purchases of peas will slow in the coming months, Pravin Dongre, chairman of the Pulses and Grains Association told

"These are very good moves to support local prices and farmers."

(Reporting by Rajendra Jadhav and Mayank Bhardwaj; Editing by Greg Mahlich and David Evans)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, November 08 2017. 22:32 IST
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