date:Apr 08, 2014
Indonesia will slash its 20 percent import tariff on wheat flour next month and opt instead for a quota system, an official of the trade ministry in Asia's second-largest wheat importer said. Indonesia, which is forecast to buy 6.5 million to 6.7 million tonnes of wheat this year, introduced an emergency import tariff of 20 percent on December 5, 2012 in a bid to protect its expanding wheat mill industry from subsidised imports.
The wheat flour import tariff will revert back to 5 percent on Ma