India may reduce import duties on wheat

The Indian government may reduce import duties on wheat to alleviate rising prices and curb inflation, according to the Indian Food Corporation (FCI). Additionally, the government plans to sell wheat and rice on the open market starting from July 5, with 400,000 tons of wheat and 500,000 tons of rice being offered at the first auction. Previously, the government allowed the export of wheat to Nepal until the end of the current fiscal year and rice to Indonesia, Senegal, and the Gambia.