India imported 1 mln tons of Ukrainian wheat

In MY2017/18, India reduced wheat imports almost threefold to 1.87 million tons as compared with 5.47 million tons in MY2016/17. At the same time, in both seasons, Ukraine remained the dominant supplier of grain with a 53% share of all imports, APK-Inform reports.

"In MY2017/18, wheat production in India is expected at a record high level of 98.4 million tons. This makes it possible to significantly reduce the purchase of grain in world markets," commented Siddharth R. Amin, the Director of Dr. Amin Controllers Pvt. Ltd, in the framework of Grain & Maritime Days in Odessa.

The expert also noted that India had increased grain imports from Russia from 4% in MY2016/17 MY to 9% in the current MY. The purchase of wheat from Australia in the current season should make up around 35% of the total grain imports to the country.

Previously it was reported that the volume of domestic purchases of wheat in India in MY2018/19, which began April 1, had increased 16% as compared to last year's level and as of early May this year reached 31.87 million tons.