HomeNewsBusinessEconomyIndia set for wheat imports after six years, to shore up reserves

India set for wheat imports after six years, to shore up reserves

New Delhi is expected to abandon a 40% tax on wheat imports this year, officials and other sources told Reuters, paving the way for private traders and flour millers to buy from producers such as top exporter Russia, albeit in modest volumes.

Reuters

first published: May 30, 2024 07:26 am

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India set for wheat imports after six years, to shore up reserves

New Delhi is expected to abandon a 40% tax on wheat imports this year, officials and other sources told Reuters, paving the way for private traders and flour millers to buy from producers such as top exporter Russia, albeit in modest volumes.

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