Monday, 29 January 2018
India: wheat harvest could shrink by 2%
In the 2017/18 season, India will gather 96,1 million tons of wheat, which is 2% lower than last season, predicts the National Collateral Management Services Ltd (NCML), operating on the Indian market
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This amount is lower than the state plan, announced at the level of 100 million tons. The reason for the decline of the harvest, the market operator calls the reduction of the sowing area compared to last year.
Lower yield will support the internal price of wheat, which is currently below the minimum rates recommended by the state. The cost of chickpeas – the main winter culture of India - will continue to decline, given the high rates of sowing this crop and expectations of the farmers of his record harvest.
Photo: olx.kz
Translated by service "Yandex.Translation"
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