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About Wheat Import Duty The festive season prices do not continue in the government may cut import duty on wheat release. According to official sources, 25 per cent duty on wheat is 10 percent. However, flour mills had already demanded that the import duty reduction. 2 months, prices have increased by Rs 40 in the last two months, wheat prices in the domestic market has increased by Rs 40 per quintal. In Delhi wheat prices remain around Wartman 1820 per quintal.
According to officials, the private mills have already reduced stock in open market and therefore the cell is decreasing. Wheat in the coming time and it is likely to be a rise in prices of products. This year to sell in the open market, the government is only 35 million tonnes. While, so far, 19 lakh tonnes of wheat has been sold. Therefore, the government is treating such a way that the wheat would be imported from outside the domestic market price of wheat will be in control. Global output is expected to grow even though wheat production in India, but declined, global production is expected to reach record levels.