India govt likely to hike wheat import duty again.

The Centre is likely to hike the import duty on wheat again as well as impose import duty on chana. In November, the import duty on wheat was doubled to 20% to support domestic prices. Government is planning to hike import duty on chana and wheat to safeguard farmers’ interest. We are expecting bumper crops this year. Favourable weather condition would help in harvesting bumper crops this rabi season, the official said, adding that bigger rabi crops are likely to offset a marginal fall in kharif output