# Scrapping wheat import duty may hit farmers hard | Economy & Policy News - Business Standard

> India's government scrapped its wheat import duty, having cut it from 25 percent to 10 percent in September and then to zero. Global wheat prices rose more than 13 percent to $205-210 a tonne after the duty exemption was first speculated, and India's wheat output is estimated at 83 million tonnes.

- Date: 2016-12-10 · published 2016-12-10T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/73452-scrapping-wheat-import-duty-may-hit-farmers-hard-economy-and-policy-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Duty-free imports will draw more wheat into India at a time when global prices have already climbed, which supports world wheat prices and may reduce Indian farmer planting incentives.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-12-21 | [India's agri exports may stay flat in FY24 due to ban on wheat, rice, sugar \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/32644-india-s-agri-exports-may-stay-flat-in-fy24-due-to-ban-on-wheat-rice-sugar.md) | +0.7% | +1.5% |
| WHEAT | 2022-03-30 | [FY23 wheat stock may be robust despite exports, free grain scheme extension \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/42251-fy23-wheat-stock-may-be-robust-despite-exports-free-grain-scheme-extension.md) | -7.8% | -3.0% |
| WHEAT | 2022-11-10 | [Soaring wheat prices in India likely to prompt price-cooling measures: Govt \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/38633-soaring-wheat-prices-in-india-likely-to-prompt-price-cooling-measures-govt.md) | +1.3% | -8.6% |
| WHEAT | 2022-07-07 | [After wheat, India now curbs the export of wheat flour and related products \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/40462-after-wheat-india-now-curbs-the-export-of-wheat-flour-and-related-products.md) | -5.1% | -4.3% |
| WHEAT | 2023-05-05 | [Lifting of ban on wheat export ruled out - Economy News \| The Financial Express](https://feedsoft.ai/events/35895-lifting-of-ban-on-wheat-export-ruled-out-economy-news-the-financial-express.md) | -1.9% | -5.2% |
| KWHEAT | 2021-01-19 | [Wheat holds near 6-1/2 year peak as focus stays on Russian export tax - Markets - Business Recorder](https://feedsoft.ai/events/49175-wheat-holds-near-6-1-2-year-peak-as-focus-stays-on-russian-export-tax-markets.md) | -2.4% | -0.9% |
| KWHEAT | 2022-05-13 | [Amendment in Export Policy of Wheat](https://feedsoft.ai/events/41366-amendment-in-export-policy-of-wheat.md) | +3.3% | -7.3% |
| KWHEAT | 2025-06-11 | [India tells WTO it won’t lift wheat export ban \| Today News](https://feedsoft.ai/events/24151-india-tells-wto-it-won-t-lift-wheat-export-ban-today-news.md) | +3.9% | -2.5% |

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/scrapping-wheat-import-duty-may-hit-farmers-hard-116121000281_1.html

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