Foodgrains Imports Crash In FY2019
Capital MarketIndia imported 2.78 million tonnes (mt) of foodgrains worth $1.214 billion in 2018-19 against 7.52 mt with a value of $3.342 billion in the previous year, Agriculture Minister Narendra Singh Tomar said in Parliament. This accounted for a massive drop of 63%. The drastic drop was on account of lower imports of wheat and pulses, he said in a written reply to a question in Rajya Sabha. While India imported 5.61 mt of pulses and 1.65 mt of wheat in 2017-18, imports of pulses and wheat eased to 2.53 mt and and 2,746 tonnes respectively in the previous financial year.
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