India imports wheat to cover shortfall in output

India has received first lot of its imported wheat from Australia .Traders from Singapore have confirmed about the sale .About 10,000 tonnes have been procured and would be unloaded in southern ports of India.The deals had been sealed between $270 and $300 a tonne, including cost and freight, mostly for Australian Prime Wheat (APW).
Anticipating shortfall in this year wheat output traders have started buying wheat from other countries like Australia .Prices Southern India are something between$ 329 to $350 a tonne
Source: Reuters