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Higher wheat output will help put a lid on prices and could prompt the world’s second-biggest producer of the grain to lift a ban on exports of the staple | Latest News India
New Delhi, Wheat production is expected to touch a new record of 114 million tonnes in the ongoing 2023-34 crop year on higher coverage and provided weather
Indian farmers are unlikely to boost wheat planting despite prices hitting record highs as they opt for less-water intensive crops. While wheat planting area will reduce eventually, the world's second-biggest wheat producer may then also maintain its export ban or even force it to resort to imports, according to industry officials and scientists.
The fourth and final round of estimates of crop output for 2022-23, released by the agriculture ministry last week, showed foodgrain production was at a record high | Latest News India
The Indian government has revised downward its wheat production estimate for the 2022-23 crop year to 110.55 million tonnes, down by 2.19 million tonnes from the previous estimate. Unseasonal rains during harvesting led to some loss, resulting in the downward revision. However, rice production is estimated to reach a record 135.75 million tonnes, coarse cereals production is higher at 57.31 million tonnes, and oilseeds production has reached a record 41.35 million tonnes. Cash crops like sugarcane and cotton also saw increases in production.