Indian Govt Has Bought 13.49MMT Wheat On Domestic Market Since Apr 14
Slightly ammends earlier post:
India's wheat purchases by state-run agencies are likely to soon exceed the federal government's requirement of 15 million metric tons for the 2008-2009 marketing year according to the Indian Finance Minister. Government agencies have bought 13.49 million tonnes of wheat between April 14 and 29 against 7.77 million tonnes during the same period last year.
The ministry of consumer affairs, food and public distribution said in a statement that government agencies bought 7.26 million tonnes from the northern Indian state of Punjab and 4.27 million tonnes from neighbouring Haryana.
Earlier, agriculture minister Sharad Pawar said he was confident of buying 16 million to 17 million tonnes of wheat locally this year as India revised upwards its wheat output estimates by 1.3 percent to 76.78 million tonnes.
India imported 1.8 million tonnes of wheat last year after procurement fell to 11.1 million tonnes against a targeted 15 million tonnes.
These latest figures suggest that India is likely to be absent from the world export market for some time.
India's wheat purchases by state-run agencies are likely to soon exceed the federal government's requirement of 15 million metric tons for the 2008-2009 marketing year according to the Indian Finance Minister. Government agencies have bought 13.49 million tonnes of wheat between April 14 and 29 against 7.77 million tonnes during the same period last year.
The ministry of consumer affairs, food and public distribution said in a statement that government agencies bought 7.26 million tonnes from the northern Indian state of Punjab and 4.27 million tonnes from neighbouring Haryana.
Earlier, agriculture minister Sharad Pawar said he was confident of buying 16 million to 17 million tonnes of wheat locally this year as India revised upwards its wheat output estimates by 1.3 percent to 76.78 million tonnes.
India imported 1.8 million tonnes of wheat last year after procurement fell to 11.1 million tonnes against a targeted 15 million tonnes.
These latest figures suggest that India is likely to be absent from the world export market for some time.