February 17, 2014

 

India's 2014 wheat output may reach 95.6 million tonnes
 

 

India's farm ministry forecast a record 95.6 million tonnes wheat harvest in 2014, which could add to already overflowing granaries and put pressure on the government to accelerate exports.

 

This is the government's first forecast for total grains output in the 2013-14 crop year. It had forecast in September that the summer harvest would total 129.3 million tonnes.

 

The government will revise the forecast as harvesting progresses.

 

Higher exports from the world's second-biggest producer could dampen global prices. India has been struggling to trim inventories and make space for the new season crop that would be harvested from next month.

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