India's wheat output may touch new record of 114 million tonnes in 2023-24

Published 2024년 1월 3일

Tridge summary

Wheat production in the 2023-24 crop year is expected to reach a new record of 114 million tonnes, with an increase in the area sown to wheat compared to the previous year. The Food Corporation of India plans to procure more than the required amount and additional stocks needed for the Open Market Sale Scheme, indicating stable prices and farmers' willingness to sell their produce to the FCI. The FCI will also try to provide minimum support price to all farmers and plans to step up procurement to meet the buffer requirement.

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Original content

Wheat production is expected to touch a new record of 114 million tonnes in the ongoing 2023-24 crop year on higher coverage and provided weather conditions remain normal, a top food ministry official said on Wednesday. The last leg of sowing of wheat, the main Rabi (winter) crop, is underway and will continue till next week. Till last week, wheat was planted in 320.54 lakh hectares, as per the official data.Wheat production stood at a record 110.55 million tonnes in the 2022-23 crop year (July-June), compared to 107.7 million tonnes achieved in the previous year. .We expect that total area under cultivation of wheat will increase this year and God willingly if the climate is alright the production will be 114 million tonne thats what the agriculture ministry has indicated informally to us, Food Corporation of India (FCI) Chairman and Managing Director Ashok K Meena told reporters.Area sown to wheat crop is also showing an increase compared to the last year. There was a deficit of ...

Source: Economic times