March 13, 2018 / 9:45 AM / in 5 months

India's 2018/19 wheat imports seen at 1.5-2 mln T in normal weather - brokerage

SINGAPORE, March 13 (Reuters) -

* India is expected to import 1.5-2 million tonnes of wheat in 2018/2019 (July-June) if the weather remains benign, Sumit Gupta, India-based business manager at brokerage McDonald Pelz said on Tuesday.

* “Production and consumption of wheat in India are matching, we are not building stocks,” he told an industry conference in Singapore. “Imports will take place after October when supplies tighten.”

* In adverse weather, India’s imports will be much larger, he said.

* India is estimated to purchase 1.5 million tonnes of wheat this year. The country bought 5.9 million tonnes in 2016/17 because of two years of lower production, according to the U.S. Department of Agriculture data.

* India buys wheat mainly from the Black Sea region and Australia. (Reporting by Naveen Thukral)

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