Wheat production set to rise as acreage rises in key states

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Wheat production in India is likely to increase in the current Rabi season as farmers looks to bring more area under the cereal crop in the key producing states. The sowing this season has progressed earlier than the last year in most states including Uttar Pradesh, Punjab, Haryana, and Rajasthan, a trend usually seen favourable for yield of wheat.

Punjab and Haryana cultivate are mainstay of wheat procurement for federal food security public system in India.

In Uttar Pradesh, the largest grower of wheat among states, the cereal is expected to be sown over 99 hectares compared to 98.4 lakh hectares in the last season.

“Higher precipitation has ensured more groundwater this year and soil moisture is also conductive for higher yield,” an official of Uttar Pradesh Agriculture Department said.

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Farmers in Madhya Pradesh, the second leading grower of wheat, are likely to increase sowing area by 1.5-2 lakh hectares compared to 58 lakh hectares in the last year.

Enticed by enhanced Minimum Support Price, farmers in the desert state of Rajasthan are growing more wheat even though the water level in canals is restricted. The sowing in the state had crossed the last year’s figure of 27.3 lakh hectares this week.

Wheat output stood at 99.7 million tonnes in the last season in India. Globally wheat futures are looking up as the crop has been affected in Australia, the top exporter of the cereal.

A higher harvest in India would cool wheat prices globally and also check the impact of inflation on the middle-income category in the country where poor are provided stable at a highly subsidized cost.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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