# Govt considering imposing import duty on wheat: Agri Secy | Govt considering imposing import duty on wheat: Agri Secy

> India's Agriculture Secretary said the government is considering an import duty on wheat as a record 96.64 million tonne crop comes to market. Prices are currently above the minimum support price. The Food Corporation of India plans large-scale procurement to support farmers.

- Date: 2017-03-22 · published 2017-03-22T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/71968-govt-considering-imposing-import-duty-on-wheat-agri-secy-govt-considering
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A possible duty would reduce India's import demand for wheat, which is bearish for world wheat prices. The timing matters because the new crop is entering the market now.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2026-01-30 | [Govt likely to consider allowing export of wheat \| India News - The Times of India](https://feedsoft.ai/events/21011-govt-likely-to-consider-allowing-export-of-wheat-india-news-the-times-of-india.md) | -0.3% | +3.1% |
| WHEAT | 2017-11-08 | [India imposing 50 percent duty on peas and 20 percent duty on wheat - RealAgriculture](https://feedsoft.ai/events/67959-india-imposing-50-percent-duty-on-peas-and-20-percent-duty-on-wheat.md) | +1.2% | +1.3% |

## Sources

- deccanchronicle.com: https://www.deccanchronicle.com/business/economy/220317/govt-considering-imposing-import-duty-on-wheat-agri-secy.html

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