India is the second largest producer of wheat in the world. In May, the government had banned the export of wheat to control the rising prices. Since then the price of wheat in the country has increased by 27 per cent. Experts say that till the arrival of the new crop, the price of wheat is not expected to come down. The new crop will come in March-April. There was a decline in wheat yield this year. But next year it is expected to accelerate again. Sowing of wheat in the country has started from October 1.
If the weather remains favorable and the temperature does not rise wildly during March-April, then wheat production in the country may reach the level of 2021. At that time there was 10.59 million tonnes of wheat in the country. According to the latest data, the country’s wheat area has reached 4.5 million hectares, which is 9.7 percent more than last year. The price of wheat in the country had reached a record level of Rs 26,500 a tonne on Thursday. Wheat exports have risen by 27 per cent since the ban in May.
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