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India likely to import 5 million tonnes wheat in 2016-17, says ITC executive

The country is expected to produce 85 million tonnes of the grain in 2016, a decline of about 2.3% from last year

India likely to import 5 million tonnes wheat in 2016-17, says ITC executive

Reuters New Delhi

India may import 5 million tonnes of wheat in 2016/17 as its local production is hit by back-to-back years of drought amid rising demand, a leading consumer said on Friday.

The country is expected to produce 85 million tonnes of the grain in 2016, a decline of about 2.3% from last year, said S. Sivakumar, group head of agri and IT businesses at ITC Ltd .

 

 

 

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First Published: Jun 10 2016 | 1:30 PM IST

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