Indian Market: When France's Pain Is Ukraine's Gain

India has received wheat from an East European country for the first time in a decade, with Ukraine snatching the French wheat markets with shipments to the South Asian nation.

As France failed to export wheat to India due to floods this year, Ukraine took advantage of the situation and sent 240,000 metric tonnes of wheat to the second-largest consumer of cereal grain. The Indian Ministry of Agriculture and Farmers Welfare has confirmed the news, saying in a statement that New Delhi received 240,000 metric tonnes of wheat from the former Soviet republic in July and August. The ministry thanked Kiev for exporting the huge amount of wheat at a time when stocks in the South Asian country fell to a nine-year low. The Indian ministry also said that the Narendra Modi government decided to waive a 25% import duty due to a wheat shortage for 2016-17. The proposed move means that...