NEW DELHI, INDIA — Attractive prices and improved soil moisture following an intense heat wave earlier this year are encouraging farmers in India to plant more wheat for the 2023 crop, Reuters reported, citing preliminary data from the Ministry of Agriculture & Farmers’ Welfare.
India, the world’s second biggest producer and consumer of wheat, plants its annual crop in October and November and harvests starting in March. Farmers have planted wheat on 15.3 million hectares since Oct. 1, when the current sowing season began, up nearly 11% from a year earlier, according to ministry data.
Although the wheat planting area has flattened in India’s traditional grain belts in the northern states such as Punjab, Haryana and Uttar Pradesh, farmers are planting the crop on some fallow land in the country’s west where pulses and oilseeds traditionally are grown.
Nitin Gupta, vice president at Olam Agro India, told Reuters that wheat prices currently are very attractive to farmers: “We can see a big jump in states like Gujarat and Rajasthan, where farmers could bring barren land under wheat.”
Despite the Indian government imposing a wheat export ban in May, along with new export controls in August, local wheat prices continue to climb, according to the US Department of Agriculture’s Foreign Agricultural Service (FAS) post in New Delhi.
WASHINGTON, DC, US — Along with corn and wheat, rice, an edible starchy cereal grain, is one of the important staple crops used to nourish the world, providing a food source rich in carbohydrates.
According to the US Department of Agriculture’s World Agriculture Supply and Demand Estimates (WASDE) November 2022 report, the global production of rice is projected to reach 503.69 million tonnes in 2022-23. Of that total, USDA expects 52.83 million tonnes will be exported to world markets.
China is the largest producer and importer of rice to meet its projected 2022-23 domestic consumption of 155 million tonnes.
These are the top 10 global rice producing countries.
Global supply chains were challenged by a variety of geopolitical events and inflation in 2022, but grain handling and storage equipment suppliers remained resilient with new products and services.
Here is the first of a two-part look at some companies that highlight the 2023 International Buyers Guide from Sosland Publishing Co.
India planting more wheat acres – World Grain
