India wheat import for August-September delivery.

Around 2-2.5 MT of wheat have been contracted from Ukraine by south Indian millers for August-September delivery at $216-220 per tonne CiF whereas Australia is also ready to provide wheat for $275-280 per tonne CiF. The only fear importers are facing is an increase in import duty or abrupt change in phytosanitary measures. Further more wheat stocks at Indian port silos have also decreased. Imports are likely to affect off take from central pool as south Indian millers will prefer imported wheat over domestic wheat due to lower prices.