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India doubles wheat import tax to 20 percent: govt order

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - India has doubled its import tax on wheat to 20 percent, according to a government order made on Wednesday, as the world's second biggest producer tries to rein in imports to support local prices.In the last two years India has been importing wheat after local production fell due to successive droughts. Indian farmers have started sowing new season wheat that will be ready for harvesting from March.India had imported 5.75 million tonnes of wheat in the 2016/17 fiscal year ended on March.The government on Wednesday also imposed 50 percent import tax on peas as prices of ...

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