Closing stocks of wheat with Central agencies as on March 2017 is projected to be 10 mn tn higher
Indians are expected to consume over 100 million tonnes of Wheat in 2016-17 marketing year that will end in March if Centre’s production estimates and trade’s import numbers for the year are correct.
The government on Wednesday, as per its second advanced estimate, said that wheat output in 2015-16 crop year which is marketed till March 2017 is around 92.29 million tonnes. This is lower than its earlier estimate of 93.5 million tonnes.
Assuming that the production numbers are accurate, the 2016-17 season started with an opening wheat stocks of around 14.5 million tonnes with the Food Corporation of India (FCI).
This when added to the total estimated production of 92.29 million tonnes, takes the total availability from domesticcrop at 106.7 million tonnes.
That apart, trade sources said that India is expected to import not less than 5.5 million tonnes of wheat in 2016-17. This takes up the availability to almost 112.2 million tonnes.
The closing stocks of wheat with Central agencies as on March 31, 2017 is projected to be around 8-10 million tonnes. Know more