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India Wheat Imports Rise Amid Growing Demand -- Market Talk

18 Jan 2017 5:52 am

0552 GMT - India has imported 2.7M tons of wheat so far this season, mostly from Australia, France and Ukraine, and Bangalore wheat trader M.K. Dattaraj says 1.2M more tons is seen arriving by the end of March. The USDA has said India's wheat imports are expected to hit their highest level in almost a decade amid tighter supplies and growing local demand. The country last month scrapped its 10% import tax on wheat after drought the past 2 years reduced supplies and prices soared. But India is expected to have bumper food-grain production this season amid increased plantation of main winter crops including wheat. (vibhuti.agarwal@wsj.com)

(END) Dow Jones Newswires

January 18, 2017 00:52 ET (05:52 GMT)

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