Top Wheat importer Countries in the world in 2024

The leading wheat-importing nations in 2024 are anticipated to be Indonesia, Egypt, China, Algeria, Turkey, and Italy, according to projections based on data from World Population Review and Statista. The table below illustrates the estimated wheat imports by country in 2024, measured in thousand metric tons (kt), with the assumption of a consistent growth rate from 2021/2022 to 2023/2024.

Table: Top Wheat Importing Countries (2024)

CountryImports (kt)
Indonesia12,500
Egypt12,300
China10,000
Algeria9,500
Turkey8,500
Italy8,000
Philippines7,500
Morocco7,000
Japan6,500
Nigeria6,000

As illustrated, Indonesia is projected to retain its position as the foremost wheat importer globally, with Egypt and China following closely. Algeria, Turkey, and Italy are also anticipated to maintain their significant roles as major contributors to global wheat imports. Additionally, Philippines, Morocco, Japan, and Nigeria are identified as other noteworthy wheat-importing nations in 2024.

The Tatas have acquired Capital Foods in a deal worth Rs 5,100 crore and have also purchased Organic India for Rs 1,900 crore

Tata Consumer Products announced on Friday that it is acquiring Mumbai-based Capital Foods, known for brands like Ching’s Secret and Smith & Jones, for Rs 5,100 crore. The acquisition is an all-cash deal, and Tata Consumer has entered into a share purchase agreement and shareholders agreement for the purchase.

In another move, Tata Consumer has also acquired Organic India, associated with Fabindia, for Rs 1,900 crore. Organic India specializes in organic teas and health foods. The deal values Organic India at over 5 times its estimated sales of Rs 560-570 crore for FY24.

The acquisition of Capital Foods values the company at 6.5-6.8 times its estimated sales of Rs 750-770 crore for FY24. In FY23, Capital Foods recorded sales of Rs 900 crore, nearly double its sales of Rs 580 crore in FY22.