$5.2b Spent on Cheap Imports of Wheat, Edible Oil in Fiscal 2021-22

A total of 9.06 million tons of wheat and unprocessed edible oil worth $5.23 billion were imported in the fiscal 2021-22 (ended March 20), the Government Trading Corporation has announced.
Wheat imports stood at 7.08 million tons worth $2.49 billion and unprocessed edible oil imports hit 1.98 million tons worth $2.74 billion.
Among agricultural products, unprocessed oil and wheat used up the highest share of foreign currency reserves for imports after corn, ILNA reported.