India food imports to hit 20 mt by 2012: ADB

by Dave

Brazil, Argentina partnerships – acquiring farmlands to guarantee supply will be the way to go.

via commodity online
The manila based Asian Development Bank on Monday warned that India’s food grain import could rise to 20 million tons by 2012 if adequate efforts were not taken to augment the output.

According to ADB’s recent study on ‘food price and inflation in developing Asia’, demand in India would grow at 22.5 per cent per annum during the 2007-2012.

As regards edible oils, the ADB report said more than 40 per cent of the country’s domestic demand is being met through imports. “Increasing demand and slower growth in domestic output can increase dependence on imports,” it added.