- Region:
- India
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- Economy
India wheat harvest could hit record on higher planting area
The wheat production in the country is set to jump to a record this year as all-time high prices prompted farmers to expand planting areas, and opting of high-yielding varieties, news agency Reuters said.
India, which is the world's second largest wheat producer, may consider lifting a ban on exports of the staple because of the higher output. The move will help ease concerns over persistently high inflation in food prices.
India's wheat production is set to jump to a record after all-time high prices prompted farmers to expand planting areas with high-yielding varieties and good weather conditions, scientists and traders.
Higher wheat output could encourage India, the world's second-biggest producer of the grain, to consider lifting a ban on exports of the staple and help ease concerns over persistently high inflation in food prices.
"This year production could rise to 112 million tons because of the higher area and favorable weather," Gyanendra Singh, director at the Indian Institute of Wheat and Barley Research, told Reuters.
India, also the world's second-biggest consumer of wheat, banned exports in May 2022 after a sharp, sudden rise in temperatures clipped output, even as exports picked up to meet the global shortfall triggered by Russia's invasion of Ukraine.
India's wheat output fell to 106.84 million tons in 2022 from 109.59 million tons a year earlier, the government estimates.