Posted 4/8/2024, 1:31:16 PM
India's Wheat Output Rises but Below Target; Food Stocks Drop Amid High Inflation
- India's wheat production for 2024-25 estimated at 105.7 million tonnes, up from last year's 102.9 million but below government estimate of 112 million
- Output increase attributed to higher acreage and yields in Punjab, Haryana, Madhya Pradesh and Uttar Pradesh
- But production likely to fall in Gujarat and Rajasthan compared to last year
- Food Corporation of India optimistic about procuring 31-32 million tonnes this rabi season against 26.2 million last year
- India confronting rising food inflation and declining central pool food grain stocks, released stocks to stabilize prices
