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The just-ended crop year (July 2017-June 2018) has seen India set a record production in rice, corn (maize), wheat and pulses like urad (black mat-pea), gram (chana). However, the US Department of Agriculture (USDA) doesn’t see a record wheat production this crop year. According to Frontline magazine datacard, the USDA has pegged India’s wheat production at 95 million tonnes (MT) compared with the Ministry of Agriculture’s estimate of 98.61 MT. Last year, wheat production was
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According to an ICRA note, Indian Basmati rice exports have witnessed a strong revival in the current fiscal with 22% growth in value in 9MFY2018 over the previous fiscal, after having been on the downward trajectory over FY15 to FY17. Indian Basmati rice exports are expected to post strong growth in FY18 and FY19 on the back of improved demand in the international market, especially from Iran and transference of higher paddy prices over the
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With the domestic production of wheat projected to dip by 3 million tonnes (mt) from the official estimates of 97 mt, India may import 1.5 mt of wheat in the marketing year 2018-19, a new report prepared for the US Department of Agriculture (USDA) said. “Despite lower planting, the (Indian) government’s preliminary estimate (2nd Advance Estimate released on February 28, 2018) forecasts 2018 wheat production optimistically at a near-record 97 mt; they expect a further
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