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LATEST NEWS UPDATES | Will India’s wheat imports lead to global food crisis? -Jitendra

Will India’s wheat imports lead to global food crisis? -Jitendra

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published Published on May 29, 2015   modified Modified on May 29, 2015
-Down to Earth

Traders have already placed orders for importing 100,000 tonnes from Australia

Theunseasonal heavy rains and hailstorm of March and April this year, which left millions of farmers in north India in distress, may impact international wheat prices. Indian traders, especially from south India,have started importing wheat from Australia and other parts of world inthe wake of poor yields in India and lower international price. These imports may push up the international wheat price as happened in 2010.

In2010, India imported 200,000 tonnes of wheat because of widespread drought, which led to a global food crisis as international prices increased. This year also, traders have placed orders for nearly 100,000tonnes of wheat from Australia, according to the Roller Flour Millers Federation Of India. Experts say this figure may touch 1.5 million tonnes.

Besides, Indian traders are also planning to import wheat from Commonwealth Independent Countries (CIS), especially Ukraine.

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Down to Earth, 27 May, 2015, http://www.downtoearth.org.in/content/will-india-s-wheat-imports-lead-global-food-crisis


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