India's rice and wheat production will fall for the first time in eight years
Rice
Published Mar 18, 2024
Tridge summary
India's rice and wheat production are projected to decline in 2023/24 due to below-average rainfall, marking the first drop in rice production in eight years. This could potentially lead to the government extending export restrictions to control domestic food prices. The situation could exacerbate international food prices, given the low stocks in other key exporting countries.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
(By Reuters) India's rice production will fall in 2023/24 for the first time in eight years due to below-average rainfall, while wheat production will fall 1.8% on the previous year, the government said on Thursday in an official statement. Rice production and government stocks in the world's biggest exporter are under close scrutiny after New Delhi banned exports of broken rice and non-basmati white grain in July, sending global prices soaring. According to the Ministry of Agriculture and Farmers' Welfare, rice production is expected to fall 8.8% to 123.8 million metric tons in the agricultural year to June, while wheat production could fall to 112 million metric tons. tons, compared to 114 million tons in the previous year. The reduction in rice production raises the possibility that Prime Minister Narendra ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.