# 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

> Indian Food Minister Ram Vilas Paswan said on 30 April 2017 there are no immediate plans to raise wheat import duty from 10% to 25%. Imports are not occurring at the current duty, and about 5.5 million tonnes were imported by private traders through March, mostly at zero duty.

- Date: 2017-04-30 · published 2017-04-30T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/71475-no-immediate-plans-to-hike-import-duty-on-wheat-to-25-pc-govt-no-immediate
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

With record domestic output near 98 million tonnes and procurement underway, India is unlikely to be a major wheat importer, so world wheat prices face little import demand pull. Stable duty policy keeps the bearish domestic supply picture intact.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-08-12 | [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](https://feedsoft.ai/events/69412-no-plans-to-raise-wheat-import-duty-from-current-10-per-cent-paswan-no-plans-to.md) | +0.4% | -0.1% |
| 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 | 2017-03-22 | [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 | 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% |
| 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% |

## Sources

- deccanchronicle.com: https://www.deccanchronicle.com/business/economy/300417/no-immediate-plans-to-hike-import-duty-on-wheat-to-25-pc-govt.html

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