# No hike in Indian wheat tariff good news for Australia - Grain Central

> A Reuters report says India has shelved a plan to raise its wheat import tariff to 40 per cent and will keep it at 20 per cent. Government sources expect imports to fill a domestic shortfall for a third straight year, with production estimates falling to 93-95 Mt.

- Date: 2018-03-22 · published 2018-03-22T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/65967-no-hike-in-indian-wheat-tariff-good-news-for-australia-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Expected Indian wheat imports and low stocks support world wheat demand, which is supportive for Australian and other exporter prices.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-05-17 | [China the hero market for Australian barley and wheat - Grain Central](https://feedsoft.ai/events/71077-china-the-hero-market-for-australian-barley-and-wheat-grain-central.md) | +3.0% | +2.1% |
| WHEAT | 2022-06-13 | [Forecast Indian wheat exports cut by 2Mt: WASDE - Grain Central](https://feedsoft.ai/events/40899-forecast-indian-wheat-exports-cut-by-2mt-wasde-grain-central.md) | +1.0% | -6.4% |
| WHEAT | 2018-03-15 | [Black Sea competition impacting Australian wheat prices: Rabo - Grain Central](https://feedsoft.ai/events/66043-black-sea-competition-impacting-australian-wheat-prices-rabo-grain-central.md) | -1.7% | -0.1% |
| WHEAT | 2021-01-13 | [First rice, now wheat: India rides on global grain trade bandwagon \| India News - The Indian Express](https://feedsoft.ai/events/49098-first-rice-now-wheat-india-rides-on-global-grain-trade-bandwagon-india-news-the.md) | +1.4% | -4.7% |
| WHEAT | 2024-02-10 | [Wheat exports down, China hungry for Australian barley](https://feedsoft.ai/events/31616-wheat-exports-down-china-hungry-for-australian-barley.md) | -4.8% | -1.5% |
| KWHEAT | 2018-03-15 | [Black Sea competition impacting Australian wheat prices: Rabo - Grain Central](https://feedsoft.ai/events/66043-black-sea-competition-impacting-australian-wheat-prices-rabo-grain-central.md) | -9.0% | -0.8% |
| KWHEAT | 2020-03-30 | [A page of good news for wheat growers - Brownfield Ag News](https://feedsoft.ai/events/54175-a-page-of-good-news-for-wheat-growers-brownfield-ag-news.md) | -3.0% | -3.3% |
| KWHEAT | 2022-05-16 | [Wheat prices rocket on India export ban. London, Paris futures set record highs - Grain Price News](https://feedsoft.ai/events/41448-wheat-prices-rocket-on-india-export-ban-london-paris-futures-set-record-highs.md) | 0.0% | -7.3% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/no-hike-in-indian-wheat-tariff-good-news-for-australia/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.