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)