Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Livemint
Livemint
Business

India's wheat planting gathers momentum, acreage up nearly 10%

An Indian farmer poses as he harvests wheat crop in a field on the outskirts of Amritsar. (AFP)

The Ministry of Agriculture & Farmers' Welfare will keep updating the provisional crop sowing figures as it gathers more information from state governments.

In India, wheat is mainly produced in the northern states of Punjab, Haryana, Uttar Pradesh and the central state of Madhya Pradesh.

The planting figures are also subject to revision depending on weather conditions.

Late rains in October and November raised soil moisture levels and helped farmers bring in more area under wheat, the main winter crop, growers said.

India grows only one wheat crop in a year, with planting in October and November, and harvests from March.

India, the world's second-biggest wheat producer, was forced to ban exports of the staple in May this year, after a sudden rise in temperatures in March cut crop yields.

Despite the ban, wheat prices have soared to a record high, prompting the government to weigh measures such as the release of state reserves into the open market while axing the 40% tax on imports to cool prices.

Sowing of rapeseed, the main winter-planted oilseed reached 5.5 million hectares, up from 4.8 million hectares a year ago, according to the farm ministry.

Higher rapeseed output will help India, the world's biggest cooking oil importer, to cut expensive purchases of edible oils from Malaysia, Indonesia, Brazil, Argentina, Russia and Ukraine.

In the fiscal year to March 31, 2022, New Delhi spent a record $18.99 billion to import vegetable oils, prompting Prime Minister Narendra Modi to voice concerns about India's rising vegetable oil import bill.

As part of efforts to reduce India's dependence on edible oil imports, New Delhi has granted environmental clearance for indigenously developed genetically modified mustard seeds, part of the rapeseed family.

This story has been published from a wire agency feed without modifications to the text.

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.