Govt to scout wheat import markets despite good crop

Despite prospects of a bumper crop and sizeable stocks, India will likely be tapping world markets for wheat in a big way again this year and could once again pay dearly for its needs.

Firms might start scouting the market by mid-May, when purchases by state agencies from farmers taper off and output estimates become clear.

Agriculture Minister Sharad Pawar has given strong indications that the government will be proactive on imports this year, after scrambling for costly purchases last year as output and stocks fell.

Read more at The Economic Times