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India may allow import of Russian wheat to shore up domestic prices
The Morning Standard
|December 05, 2023
INDIA may consider permitting the import of cheaper wheat from Russia to mitigate the rising domestic wheat prices ahead of the Lok Sabha election in March-April 2024.

Riding the success in agrarian states during recent elections, the government might allow the import of over one million metric tonnes (mmt) of cost-effective Russian wheat by potentially reducing the current 40% import duty by approximately 15-20%.
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