Commodity Outlook - Wheat

COMMODITY OUTLOOK

Crop: Wheat

Crop season: Rabi

Sowing Time: October

Harvesting Period: April to May

Key Areas Of Cultivation:

Madhya Pradesh

Rajasthan

Uttar Pradesh

Maharashtra

Gujarat

Production trend and Stock position:

The agriculture ministry's second advance estimate of production of Wheat, released on 18 February 2020, has projected a record high production of 106.21 million tonnes. It is higher by 2.61 million tonnes as compared to wheat production during 2018-19 and is higher by 11.60 million tonnes than the average wheat production of 94.61 million tonnes.

According to the Ministry of Agriculture, the sowing acreage of Wheat as on January 31, 2020 was 336.18 lakh hectares (lh) up by 12.32 percent compared to 299.30 lh during the corresponding period.

Market commentary: Price outlook

Fig: Dara Wheat Price Trend in Delhi

Vist Farmioc PriceHub, the Best Agriculture Market Intelligence in India , powered by Farmioc DataStore