Indian wheat imports to remain rapid, despite near-record crop hopes.

Indian wheat imports will remain at the current elevated level next season, despite a near record harvest, with stocks depleted after years of production deficit. Indian wheat imports for 2017-18 at 5 million tonnes, unchanged from 2016-17, even though domestic production is seen jumping by 8 million tonnes. Indian wheat production is set to hit near record levels, of 95 million tonnes, increase in production is the result of record large sowings, of 31.8 million hectares. Import of wheat in the forecast year 2017-18 will continue to sustain the consumption demand, contain domestic prices and help government to augment the declining wheat stocks. (Source : Agrimoney )