India imports 12,000 t of Australian wheat

Reuters Updated - November 27, 2017 at 09:29 PM.

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India has imported about 12,000 tonnes of wheat from Australia at $310-$315 a tonne despite overflowing grain bins at home as some flour millers and traders find it more economical and convenient to purchase high-protein wheat from overseas.

"Some flour millers down south were looking for high-protein wheat and we found imports easier in terms of both costs and logistics," said a trader from the southern city of Bangalore.

Two Delhi-based traders also confirmed the deal.

The central state of Madhya Pradesh does produce high-protein wheat, typically used to make pasta and noodles, but high local prices and freight costs encourage millers near India's southern ports to turn to exporters such as Australia.

Published on October 31, 2014 10:21