The Indian Government on Tuesday March 28th, 2017 announced an introduction of 10% import duty on wheat and pulses. It had earlier abolished these duties four months back. In these four months, import of these commodities increased substantially causing dollar outflows.
Category: Agricultural Products
A coffee buyer in the USA will demand for a coffee bean that is found in a specific part of the world, the exotic civet coffee comes to mind, a demand that may only be met by coffee suppliers from south Asia.
Rice remains the leading, staple food crop which is consumed globally. Among the top, leading producers and exporters of the crop in the world today are China, India, Indonesia, Bangladesh and Vietnam.