With greater demand for pulses anticipated in the coming months and a lower-than-normal monsoon projection, the government of India (GOI)  has already decided to import stocks as a means to curb price increases. Is Wheat Import Duty Justified? India's Food Ministry, which coordinates with the Food Corporation of India (FCI), must deal with the import of 500,000 MT of inexpensive wheat that has been contracted by flour millers in the country's southern region. While 10 shiploads have already been delivered, two more are likely to arrive during the second week of July with the remainder scheduled in August–September. The ministry has recommended the imposition of a 10 percent duty on wheat imports, which are currently duty free and un...