# No plans to raise wheat import duty from current 10 per cent: Paswan | No plans to raise wheat import duty from current 10 per cent: Paswan

> India's Food Minister said there are no immediate plans to raise the 10% wheat import duty imposed in March to curb shipments after record 2016-17 output of about 97.44 million tonnes. Domestic supplies are described as adequate, with government procurement at 30.8 million tonnes.

- Date: 2017-08-12 · published 2017-08-12T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/69412-no-plans-to-raise-wheat-import-duty-from-current-10-per-cent-paswan-no-plans-to
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Keeping the duty in place limits Indian wheat import demand, which is mildly bearish for world wheat prices, while Australian and Ukrainian prices have risen on tighter supply.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-04-30 | [No immediate plans to hike import duty on wheat to 25 pc: Govt \| No immediate plans to hike import duty on wheat to 25 pc: Govt](https://feedsoft.ai/events/71475-no-immediate-plans-to-hike-import-duty-on-wheat-to-25-pc-govt-no-immediate.md) | +2.3% | +1.5% |
| WHEAT | 2017-03-23 | [May Reimpose Import Duty On Wheat: Union Minister Ram Vilas Paswan](https://feedsoft.ai/events/71964-may-reimpose-import-duty-on-wheat-union-minister-ram-vilas-paswan.md) | +2.4% | +1.5% |
| WHEAT | 2017-11-08 | [India doubles wheat import tax, imposes 50 per cent tax on peas - Grainews](https://feedsoft.ai/events/67953-india-doubles-wheat-import-tax-imposes-50-per-cent-tax-on-peas-grainews.md) | +1.2% | +1.3% |
| WHEAT | 2017-03-28 | [Import duty on wheat, dal back \| Import duty on wheat, dal back](https://feedsoft.ai/events/71966-import-duty-on-wheat-dal-back-import-duty-on-wheat-dal-back.md) | +0.5% | +1.2% |
| WHEAT | 2017-05-27 | [Import duty on Wheat and Arhar Dal](https://feedsoft.ai/events/70984-import-duty-on-wheat-and-arhar-dal.md) | -0.5% | -1.1% |

## Sources

- deccanchronicle.com: https://www.deccanchronicle.com/business/economy/120817/no-plans-to-raise-wheat-import-duty-from-current-10-per-cent-paswan.html

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