# Slapping duty a quick solution,  not a lasting one - The HinduBusinessLine

> India has imposed a 50 percent customs duty on yellow peas, raised wheat duty from 10 to 20 percent, and sharply increased duties on imported palm, soy, rapeseed and sunflower oils. Import curbs on tur, urad and moong remain in place, yet domestic prices of pulses and oilseeds have not recovered.

- Date: 2017-11-29 · published 2017-11-29T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/67955-slapping-duty-a-quick-solution-not-a-lasting-one-the-hindubusinessline
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher duties on vegetable oil imports cut Indian demand for palm and soybean oil, which is bearish for those oils, and wheat tariffs reduce import demand for wheat.

## Read by commodity

- SBO: bearish ▼
- WHEAT: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-04-20 | [India doubles wheat export quota to 5 million tonnes - The HinduBusinessLine](https://feedsoft.ai/events/19701-india-doubles-wheat-export-quota-to-5-million-tonnes-the-hindubusinessline.md) | -0.3% | +0.0% |
| WHEAT | 2026-02-25 | [India permits 25 lakh tonnes wheat export; FCI stocks at 182 lakh tonnes - The HinduBusinessLine](https://feedsoft.ai/events/20577-india-permits-25-lakh-tonnes-wheat-export-fci-stocks-at-182-lakh-tonnes-the.md) | +0.6% | +0.7% |
| WHEAT | 2021-12-15 | [The Government reduces export duties on some agro-industrial products to zero](https://feedsoft.ai/events/14068-the-government-reduces-export-duties-on-some-agro-industrial-products-to-zero.md) | +4.2% | +7.4% |
| WHEAT | 2017-03-22 | [Govt considering imposing import duty on wheat: Agri Secy \| Govt considering imposing import duty on wheat: Agri Secy](https://feedsoft.ai/events/71968-govt-considering-imposing-import-duty-on-wheat-agri-secy-govt-considering.md) | +2.2% | +1.9% |
| WHEAT | 2022-12-01 | [Soybeans slide lower on biodiesel woes – The Seam](https://feedsoft.ai/events/9755-soybeans-slide-lower-on-biodiesel-woes-the-seam.md) | -9.9% | -2.4% |
| PALMOIL | 2018-03-02 | [Centre hikes import duty on crude, refined palm oils - The HinduBusinessLine](https://feedsoft.ai/events/10367-centre-hikes-import-duty-on-crude-refined-palm-oils-the-hindubusinessline.md) | -4.3% | -3.9% |
| PALMOIL | 2024-06-20 | [Budget 2024: SEA pins hopes on budgetary support to boost oilseed production  - The HinduBusinessLine](https://feedsoft.ai/events/29845-budget-2024-sea-pins-hopes-on-budgetary-support-to-boost-oilseed-production-the.md) | +0.2% | +1.8% |
| PALMOIL | 2022-08-25 | [SEA asks Indonesia to ensure stable policy for palm oil exports  - The HinduBusinessLine](https://feedsoft.ai/events/15800-sea-asks-indonesia-to-ensure-stable-policy-for-palm-oil-exports-the.md) | -0.5% | -9.5% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/slapping-duty-a-quick-solution-not-a-lasting-one/article9976778.ece

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