Indian Farmers Anticipate 10% Increase in Wheat Yields

Farmers in India forecast that wheat yields in the country will rise by approximately 10% in 2023. This will lead to a record production volume of 115 million tons. However, some traders believe that the figures may be more modest, ranging between 104-106 million tons, as indicated by data from Investing.com.

This is reported by AgroReview

Additional market support is provided by premiums to the minimum support price (MSP), which have been implemented in several states of India. Thanks to these measures, procurement prices for wheat in Gujarat have risen to 2,550 rupees per quintal, while farmers in Madhya Pradesh are receiving up to 30 rupees for high-quality wheat varieties.

Factors Affecting Yields

Early sowing and the use of climate-resistant wheat varieties that can withstand adverse weather conditions play a crucial role in achieving good results.

Harvest Status

Wheat harvesting in India is progressing at an active pace. Currently, 30% of the area allocated for the crop has been harvested in Gujarat, 20% in Madhya Pradesh, and 10% in Rajasthan.

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