India will likely scrap its 40 percent duty on wheat imports after June, potentially creating 3-5 million tons of imports this season, potentially making it the 11th largest wheat importer in 2024/25.
This move would aim to replenish depleted reserves and control prices, which have surged due to three consecutive poor harvests.
A government official also indicated that the import duty would likely be removed after June to enable private trade to import wheat, with the duty reinstated before the wheat planting season starts in October to protect farmers' interests.