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No proposal to alter duty structure import of wheat: Govt.


Date: 14-06-2024
Subject: No proposal to alter duty structure import of wheat: Govt
There is no proposal to alter the duty structure on imports of wheat at present, the department of food and public distribution said in a statement on Thursday.

There have been demand from various industry representatives to reduce the 40% duty on import of wheat to augur domestic supply to contain prices of wheat.

India has produced 112 MT of wheat in the current marketing season, according to the government.

The Food Corporation of India (FCI), which undertakes distribution of food grains under food security measures, has procured approximately 266 LMT of wheat till June 11, during RMS 2024.

"After meeting the requirement for Public Distribution System (PDS) and other Welfare Schemes, which is approximately 184 LMT, sufficient stock of wheat will be available to undertake market interventions, as and when required, " the statement added.

 Source Name : Economic Times

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