World Perspectives
feed-grains wheat livestock

Indian Subcontinent Regional Analysis

As GOI has now decided to completely remove the import duty on wheat, prices have dropped slightly after moving up prior to the announcement.. With Ukrainian and/or Australian currently at $210/MT delivered Indian port versus much higher domestic prices, imports are likely to continue over the next few months for that and other reasons. Import Duty on Wheat Removed After wheat prices moved up despite the release of stocks from the Food Corporation of India (FCI) warehouses and with Indian end users having to import 2.1 MMT at variable duties due to the lack of domestic stocks, the government of India (GOI) has now decided to remove the import duty completely. (It had previously been reduced to 10 percent from 25 percent in September.) Thi...

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