India in no rush to import wheat

Published February 10, 2008

BANGALORE, Feb 9: India will not need to import wheat in the next three months as the new crop harvest nears, but New Delhi will keep its options open, a senior government official said on Saturday.

Food Secretary T. Nandakumar also added the government was talking to governments of some exporting countries to ensure that they could buy wheat on the government account if needed.

“In the next two to three months, I have absolutely no concerns of any kind. The harvest is coming and there is no question of imports,” he told reporters on the sidelines of a wheat conference here.

But he did not rule out the possibility of buying from overseas later during the year.

“Look, the government has all options. At what point of time, which option will be taken, it depends on that day's situation,” Nandakumar said.

India's annual wheat sowing takes place between October to November and harvest starts in late February.

The government has estimated that wheat output this year would be about 75m tons, and the buffer stock position on April 1 would be around 5.3 million tonnes, against a target of 4 million tonnes.

Nandakumar said he anticipated local wheat prices to remain stable during the year.

“This year, we will manage the price. —Reuters

Opinion

Accessing the RSF

Accessing the RSF

RSF can help catalyse private sector inves­tment encouraging investment flows, build upon institutional partnerships with MDBs, other financial institutions.

Editorial

Madressah oversight
Updated 19 Dec, 2024

Madressah oversight

Bill should be reconsidered and Directorate General of Religious Education, formed to oversee seminaries, should not be rolled back.
Kurram’s misery
19 Dec, 2024

Kurram’s misery

THE unfolding humanitarian crisis in Kurram district, particularly in Parachinar city, has reached alarming...
Hiking gas rates
19 Dec, 2024

Hiking gas rates

IMPLEMENTATION of a new Ogra recommendation to increase the gas prices by an average 8.7pc or Rs142.45 per mmBtu in...
Geopolitical games
Updated 18 Dec, 2024

Geopolitical games

While Assad may be gone — and not many are mourning the end of his brutal rule — Syria’s future does not look promising.
Polio’s toll
18 Dec, 2024

Polio’s toll

MONDAY’s attacks on polio workers in Karak and Bannu that martyred Constable Irfanullah and wounded two ...
Development expenditure
18 Dec, 2024

Development expenditure

PAKISTAN’S infrastructure development woes are wide and deep. The country must annually spend at least 10pc of its...