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Page added on May 19, 2005

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India to Face Wheat Shortage Soon

India may become a wheat importing country with a lower than expected output forecast for this year at a time when domestic consumption has already outpaced production, a commodity expert said on Tuesday.


“India is likely to become a wheat importing nation by the end of this year,” Cargill India president Hardeep Singh said at Confederation of Indian Industry annual session in New Delhi.


Attributing the main reason behind these shortfalls, Singh said, “Supply is not catching up with the demand fuelled by higher population growth rate”.
Rediff.com



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