India's wheat and rice production will fall in 2023/24, says Indian government

Published 2024년 2월 29일

Tridge summary

India, the world's largest exporter of rice, is expected to see a decrease in rice production for the first time in eight years in 2023/24 due to below-average rainfall. Wheat production is also predicted to fall by 1.8% from the previous year. This comes after India banned exports of non-basmati white rice in July, leading to a rise in global prices. The government may extend these export restrictions to control food prices ahead of general elections, potentially exacerbating global food price increases due to low stocks in other key exporting countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

MUMBAI (Reuters) - India's rice production is expected to fall for the first time in eight years in 2023/24 due to below-average rainfall, while wheat production is expected to fall 1.8% from the previous year, the government said in a statement this Thursday. Rice production in the world's biggest exporter is being closely watched after the Indian government banned exports of non-basmati white rice in July, sending global prices soaring. Rice production is expected to fall 8.8% to 123.8 million tonnes in the crop year to June, while wheat production could fall to 112 million tonnes from 114 million tonnes a year ago, the Ministry said. of Agriculture and Farmers' Welfare. Lower rice production raises the prospect that Prime Minister Narendra Modi's government will extend ...

Source: NoticiasAgricolas