Monday, 26 December 2016
India could purchase about 6 million tons of grain for two seasons
According to traders and experts of the market, in the current and following years, India may import a total of about 6 million tons of wheat, Reuters reports
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Such a high volume of foreign purchases of grain due to its low reserves in the country, which by the end of the current marketing year could fall to 10-year low, and the desire to reduce product prices in the domestic market, which since the beginning of this MG increased by 40% per year.
Note that since the beginning of the current season, Indian importers contracted 2.7 million tons of wheat, of which 2 million tonnes already delivered into the country.
Translated by service "Yandex.Translation"
Источники:
Reuters
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