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Wednesday, February 8, 2017

At over 5 mt, India's wheat imports highest in a decade

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India has bought more than five million tonnes of wheat since mid-2016, already its biggest annual purchase in a decade, after it began an import campaign to meet a supply shortfall left by two years of lower production.
India is slowing down imports ahead of the harvest in April  2017 and purchases in the months ahead will depend on production this year
More than one million tonnes of wheat was delivered to India in January and February arrivals have already hit close to 400,000 tonnes.
India bought 6.7 million tonnes of wheat in 2006/07, according to the U.S. Department of Agriculture.
India began importing wheat around the middle of last year after two years of dry weather and unseasonal rains hit production in the world's second largest consumer of the grain.
Image result for Wheat Production in India
India has bought wheat mainly from Ukraine and Australia

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