Business
Private traders, including flour millers, are not entering into any fresh wheat import contracts as they fear imposition of custom duty.
Updated : Mar 23, 2018, 04:41 AM IST
India's wheat import is likely to touch 4.5-5 million tonnes this fiscal but inward shipments may fall significantly in 2017-18 as estimates suggest record production next year, according to flour millers' body.
The country had imported about 5,00,000 tonnes of wheat during the previous financial year.
Private traders, including flour millers, are not entering into any fresh wheat import contracts as they fear imposition of custom duty. That apart, the relaxation in fumigation rules is valid till March only.
"We have imported about 4 million tonnes of wheat so far this financial year. We will be importing about 4.5-5 million tonnes this fiscal," Roller Flour Millers' Federation of India Ex-President M K Datta Raj told
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)