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India signs biggest wheat imports deal in a decade

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India has signed the biggest wheat import deal in over a decade, despite surplus stocks at home, with a deal with Indian flour millers and the local units of global trading giants to import 5,00,000 tonnes of premium Australian wheat since March, trade sources said.

This was due to concerns that untimely rains in February and March would cut wheat output, especially of high-protein varieties grown in central India.