India doubles wheat import tax to 20 percent: govt order
India has doubled its import tax on wheat to 20 percent, according to a government order made on Wednesday, as the world`s second biggest producer tries to rein in imports to support local prices.
In the last two years India has been importing wheat after local production fell due to successive droughts. Indian farmers have started sowing new season wheat that will be ready for harvesting from March.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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