India needs to promptly remove wheat import tax to boost supplies: industry
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Indian authorities need to promptly remove a 40% wheat import tax to facilitate overseas purchases of the grain and calm local prices in the world’s second-biggest producer of the staple, the chief of a leading industry body said on Thursday.
India is trying to tame wheat prices by resorting to measures such as imposing limits on the amount traders can hold and offering the grain to bulk consumers from State reserves.
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