Search Result for : India Wheat Imports

The Dollar Business Bureau India has of late emerged as one of the biggest net importer of wheat, buying over five million tonnes since mid-2016, the country’s biggest annual purchase in over a decade.  Last year, the government had focused on importing wheat in a colossal quantity in order to meet the rising demand of the commodity in the domestic market.  India’s total wheat production registered a shortfall in the last two years due to unfavourable weather conditions. This year’s production, however, seems to be meeting the domestic expectations, as the government is also looking to cut down on the inbound shipments of the commodity as the harvest season approaches in April.  The government will contemplate over the future purchases of wheat, depending upon the ...

The Dollar Business Bureau India’s importers have imported 2.7 million tonnes of wheat from France, Australia and Ukraine till now in the current fiscal and another 1.2 million tonnes of wheat is likely to arrive by next month-end. However, importers have not entered into any import contract for the delivery of wheat after March as they believe that the government may again levy customs duty on wheat when the harvesting of new crop begins in April 2017. In December, the government had cut down the import duty on wheat to zero from 10% in order to boost the availability of the grain locally and to check price rise. “About 2.7 million tonnes of wheat has been imported so far in 2016-17 from Ukraine, Australia and France. About 1.2 million tonnes of wheat will arrive by February-end,” M K ...

The Dollar Business Bureau Next time you munch your biscuits while having tea, there is more than a good chance that at least a part of your evening snack has come from Australia. For, the Indian flour millers and the ones in southern states in particular, have reportedly contracted to import five lakh tonnes of premium Aussie wheat. Any reason? The unseasonal rains have impacted the quality of the grain at home, leading to lustre loss and prompting the millers to depend on the premium variety of imported wheat. “We are struggling to get quality wheat this year. In the wake of untimely rains in February and March, the availability of the premium wheat has become an issue for the millers. ...