Government may consider levying import duty on wheat: Paswan

22.02.2017

Government may consider imposing import duty on wheat so as to protect farmers amid projections of a record output this year as informed by Union Minister of Food and Public Distribution, Ram Vilas Paswan.

Government may consider imposing import duty on wheat so as to protect farmers amid projections of a record output this year as informed by Union Minister of Food and Public Distribution, Ram Vilas Paswan.
 
On December 8, 2016 the customs duty on wheat has been reduced to zero from 10% for boosting domestic availability and for checking retail prices.
 
According to the minister, there would be abundant wheat production this year and the government has set a procurement target of 33 million tonnes for 2017-18 marketing year.
 
Government is also making adequate arrangements to buy grain, and will undertake all steps to ensure MSP to farmers.
 
The production of wheat is estimated at record 96.64 million tonnes in 2016-17 crop year (July-June) as against 92.29 million tonnes in 2015-16 due to a good monsoon.
 
The previous record stood at 95.85 million tonnes in the 2013-14 crop year.


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