Financial Daily from THE HINDU group of publications
Wednesday, Mar 08, 2006


Group Sites

Agri-Biz & Commodities - Wheat
Industry & Economy - Exports & Imports

India could import 7-20 lt of wheat next season

Our Bureau

New Delhi , March 7

The global wheat trade sees India importing between seven lakh tonnes (lt) and 20 lt of the foodgrain the next season starting June.

"We expect India to import between 15 lt and 20 lt," said Mr Mark Samson, Vice-President for South Asia, US Wheat Associates.

While private traders put the figure at around one lt, trade missions of other countries that look at India as an opportunity put it between seven lakh tonnes and 15 lakh tonnes.

Mr Samson, who is here in connection with the International Seminar on Wheat and Wheat Products - Emerging Trends and Opportunities, said the Union Government might have estimated the wheat crop higher.

At the inauguration of the seminar, representatives of the Government did not refer to the production estimates.

Call for better marketing

The Union Minister of State for Food, Mr Akilesh Prasad Singh, called for better marketing of wheat products, while the Union Food Secretary, Mr R.N. Das, said projects such as fortification of wheat flour were being carried out to address the health problems.

Mr B. Mishra, Project Director, Directorate of Wheat Research, said efforts were on to reduce the cost of cultivating wheat and increase farmers' profitability through new schemes.

Mr S.S. Singh of the Indian Agricultural Research Institute called for producing superior quality wheat to meet increasing food needs.

Mr G. Chandrashekhar, Commodities Editor, Business Line, said production was not keeping pace with rising demand and hence, India could go the China way - importing wheat and oilseeds in a big way.

More Stories on : Wheat | Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Castorseed futures down

DGCX registers record volume in February
India could import 7-20 lt of wheat next season
AP chosen as `Seed Valley' for the nation
Rubber crashes on panic selling
Tea prices weakening
Monsanto offers to cut trait value of Bt cotton
Confusion keeps cumin traders away from NMCE
Outlook bullish
Govt may control urea distribution
Farmers' protest
US to hold talks on norms for wheat imports
Uphill task

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line