India`s production of Wheat and pulses is expected to jump in 2018 as a hike in the government`s assured purchase prices and ample rainfall have prompted farmers to plant more of the winter crops, industry officials said.
Higher production will help the south Asian country to avoid buying overseas Wheat for the first time in three years.
In October, India raised the price at which the federal government will buy new-season Wheat from local farmers by 6.8% to 1,735 rupees ($26.93) per 100 kgs (220 lbs).
An expected increase in Wheat production to a new high and rising stockpiles meant India would not need to import wheat in 2018/19, an official with state-run Food Corporation of India said.
Wheat stocks with government agencies stood at 23.9 million tonnes as on Nov. 1, up 27 percent from a year ago following record output in 2017, added the official.
India has imported Wheat for the past two years after local production fell due to successive droughts in 2015 and 2016.
The country imported 5.75 million tonnes of wheat in 2016/17, the most in a decade. India imports Wheat mainly from Ukraine, Australia, Bulgaria and Russia.
India`s Wheat output in 2017 rose 6.7 percent from a year earlier to a record high 98.38 million tonnes.
Higher production will help the south Asian country to avoid buying overseas Wheat for the first time in three years.
In October, India raised the price at which the federal government will buy new-season Wheat from local farmers by 6.8% to 1,735 rupees ($26.93) per 100 kgs (220 lbs).
An expected increase in Wheat production to a new high and rising stockpiles meant India would not need to import wheat in 2018/19, an official with state-run Food Corporation of India said.
Wheat stocks with government agencies stood at 23.9 million tonnes as on Nov. 1, up 27 percent from a year ago following record output in 2017, added the official.
India has imported Wheat for the past two years after local production fell due to successive droughts in 2015 and 2016.
The country imported 5.75 million tonnes of wheat in 2016/17, the most in a decade. India imports Wheat mainly from Ukraine, Australia, Bulgaria and Russia.
India`s Wheat output in 2017 rose 6.7 percent from a year earlier to a record high 98.38 million tonnes.
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