India may cut wheat import duty if needed, reports ET Now citing food corporation head

According to the government, wheat production rose to 112.74 million metric tons from 107.7 million metric tons last year.

Workers fill sacks with wheat at the market yard of the Agriculture Product Marketing Committee (APMC) on the outskirts of Ahmedabad, India | Reuters/Amit Dave/File Photo

New Delhi: India may cut wheat import duty if required, broadcaster ET Now reported on Friday citing the head of the state-run Food Corporation of India (FCI).

The wheat harvest in 2023 is at least 10% lower than the government’s estimate, a leading trade body told Reuters on Wednesday, marking the second year of low production which could complicate New Delhi’s effort to keep a lid on prices of the staple.

According to the government, however, wheat output rose to a record 112.74 million metric tons in 2023, up from 107.7 million metric tons a year earlier.

The FCI is the country’s biggest buyer of grains.

(Reporting by Shivam Patel; Editing by Kirsten Donovan)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.