BHASKAR

USDA attache cuts India 2022/23 wheat slice forecast to ninety 9 million T

Could presumably even 25 (Reuters) – Following are selected highlights from a
picture issued by the U.S. Division of Agriculture’s International
Agricultural Provider (FAS) post in Recent Delhi:

“Warmth stress ensuing from an unparalleled spike in
temperatures origin in the mid-March 2022 has had a marked
affect on India’s wheat slice. Yields are 10-15 percent down,
driving India’s forecasted market 365 days (MY) 2022/23
(April-March) wheat production down from 110 million metric tons
(MMT) to 99 MMT. On Could presumably even 13, 2022, the Indian
authorities announced a ban on wheat exports, citing the surprising
spike in world wheat costs and the ensuing meals security
risks to India. … Under the novel market present scenario,
India’s wheat exports in MY 2022/23 would barely contact upon 6
MMT, when when compared with MY 2021/22’s quantity of 8.5 MMT and MY 2022/23’s
initial projection of 10 MMT.”

To read the stout picture, click: https://bit.ly/3PL2wZa

(Reporting by Julie Ingwersen in Chicago)

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