# India imported 2.7 mn tonnes of wheat this fiscal

> India imported 2.7 million tonnes of wheat from France, Australia and Ukraine so far in 2016-17, with 1.2 million more expected by month-end. Importers have avoided contracts after March, expecting customs duty to be reimposed at the April harvest. Imports are cheaper than domestic wheat.

- Date: 2017-01-17 · published 2017-01-17T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/72970-india-imported-2-7-mn-tonnes-of-wheat-this-fiscal
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Heavy Indian import buying supports Black Sea and Australian wheat export prices, but expected duty reimposition after March could cut future demand.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-06-14 | [Ukrainian ports transshipped 1 mln tonnes of wheat in May](https://feedsoft.ai/events/46433-ukrainian-ports-transshipped-1-mln-tonnes-of-wheat-in-may.md) | +5.8% | -5.4% |
| WHEAT | 2022-12-23 | [India exports 465,000 tonnes wheat worth $1.5 billion during Apr-Oct](https://feedsoft.ai/events/38204-india-exports-465-000-tonnes-wheat-worth-1-5-billion-during-apr-oct.md) | +0.7% | -3.3% |
| WHEAT | 2023-02-13 | [UN: More than 21M tonnes of foodstuffs already exported from Ukrainian ports](https://feedsoft.ai/events/14416-un-more-than-21m-tonnes-of-foodstuffs-already-exported-from-ukrainian-ports.md) | -3.2% | -9.2% |
| WHEAT | 2022-11-15 | [Importance of agri exports — and what Govt can do to boost India’s farm trade surplus](https://feedsoft.ai/events/38632-importance-of-agri-exports-and-what-govt-can-do-to-boost-india-s-farm-trade.md) | +1.1% | -1.2% |
| WHEAT | 2017-05-04 | [Ukraine: From the beginning of 2016 – 2017г 37.2 mln. tonnes of grain have been exported from the country](https://feedsoft.ai/events/70862-ukraine-from-the-beginning-of-2016-2017-37-2-mln-tonnes-of-grain-have-been.md) | -2.1% | -1.8% |
| KWHEAT | 2018-10-18 | [Wheat exports, the key to higher prices](https://feedsoft.ai/events/62623-wheat-exports-the-key-to-higher-prices.md) | -4.6% | -7.7% |
| KWHEAT | 2023-04-27 | [Wheat Industry News](https://feedsoft.ai/events/36447-wheat-industry-news.md) | +4.3% | +2.4% |
| KWHEAT | 2023-11-02 | [Ag Market Update: Wheat Prices Drop, China Becomes Top Wheat Importer, and Soybean Complex Dynamics - IASG](https://feedsoft.ai/events/33221-ag-market-update-wheat-prices-drop-china-becomes-top-wheat-importer-and-soybean.md) | +2.3% | +0.5% |

## Sources

- in.thedollarbusiness.com: https://in.thedollarbusiness.com/news/india-imported-27-mn-tonnes-of-wheat-this-fiscal/49146

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.