ITC hopes wheat imports to remain near decade high
Wednesday, March 29, 2017, 9:24 AM
India’s wheat imports are likely to remain near the highest in a decade, as the world’s second-biggest producer seeks to replenish stockpiles slashed by El Nino-induced drought, according to ITC. Imports may reach 3 million tonnes in 2017-18. That would be the second-highest level in the past decade, although down from estimates for 5.5 million tonnes in 2016-17.