India has bought more than five million tonnes of wheat since mid-2016, already its biggest annual purchase in a decade, after it began an import campaign to meet a supply shortfall left by two years of lower production.
The country is slowing down imports ahead of the harvest in April and purchases in the months ahead will depend on production this year, two traders told Reuters on Wednesday.
There will be more deals signed in the coming months, said one Singapore-based trader. It will not be more than 200,000 to 300,000 tonnes as the domestic harvest is expected to replenish supplies.
Thomson Reuters data showed 5.1 million tonnes of wheat has been delivered or loaded for arrival into India since July 1, while traders estimated the country has bought about 5.2 million tonnes.
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