associate sponsors


Factbox: India switching to large-scale food imports | Reuters

NEW DELHI Two consecutive droughts and untimely rains last year have cut India's farm output, pushing many farmers to destitution. Lower prices in local markets and a rout in global commodities have aggravated their woes.

As a result, India has resumed importing corn after a gap of 16 years. New Delhi now looks likely to import more food in the months to come, traders say.

Here are some facts about imports and exports of key farm products:


India exported 2.8 million tonnes in the fiscal year to March 2015 and now New Delhi is likely to import 2 million tonnes of corn in 2015/16 and again in 2016/17.

Domestic corn prices have shot up by about a quarter in the past six months, raising the cost of production of chickens by 44 percent.


After exporting 4.5 million tonnes of oilmeals to countries such as Iran, Japan, Korea and Taiwan in 2014/15, traders have clinched deals for less than a million tonnes in April-December. Oilmeal exports are not expected to cross a million tonnes in 2016/17.


India might also be forced to buy sugar in the next season beginning Oct. 1, 2016 due to lower output of sugarcane. The world's No.2 sugar producer last imported in 2009/10, buying 4 million tonnes.


Imports of protein-rich lentils are expected at a record 5 million tonnes this fiscal year, with similar volumes expected next year.


Wheat stocks are enough for now, but expectations of lower output this year after a poor crop in 2015 has meant a 25 percent drawdown from state warehouses.

(Reporting by Mayank Bhardwaj; Editing by Mike Collett-White)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Feb 02, 2016 08:30 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See