India set to import wheat after six-year break
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India is preparing to restart wheat imports after a six-year break, with the aim of replenishing its dwindling reserves and stabilizing prices that have surged due to three consecutive years of poor harvests. The decision coincides with the conclusion of general elections, removing a significant hurdle. Officials anticipate that the central government will abolish a 40% tax on wheat imports this year, enabling private traders and flour millers to buy from producers such as Russia.