Indian buyers purchased around 200,000 T Black Sea wheat

HAMBURG: Indian importers in the last week purchased around 200,000 tonnes of wheat from the Black Sea region after India ended wheat import duties, European traders said on Wednesday.

The purchases involved about 150,000 tonnes from Ukraine and 50,000 tonnes from Russia, they said.

India last Thursday suspended its 10 percent import duty on wheat after droughts in the past two years depleted stocks and raised domestic prices, a move that traders said could raise India's overseas wheat purchases to their highest in a decade.