Record wheat output may ease supply concerns
Financial Express Mumbai|January 22, 2024
AMID CONCERNS OVER wheat stocks plummeting to a seven-year low, the government expects the current rabi crop to be robust, with yield and all-time output of 114 million tonne (MT).
Record wheat output may ease supply concerns

This is likely to allay fears about shortage of the grain pushing the retail prices higher.

Wheat prices have remained elevated for more than a year now, although the prices have eased a tad in the last couple of months due to a series of steps taken by the government, including aggressive open market sales and imposition of stock limits.

Prolonged cold wave conditions prevailing in north India and the absence of the dreaded yellow rust disease are expected to boost the standing wheat crop, Gyanendra Singh, director of Karnal (Haryana)based Indian Institute of Wheat and Barley Research (IIWBR).

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