India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Express Power

Advertisers Forum

Express Careers

Business Forum

Match Maker

Express Properties

Palki - Travel & Tours

Information Technology

Astrosurf

Eco-India

Dr Know

Screen: The Business of Entertainment

Graffiti

Crossword

Drumbeat: Ad Buzzaar


Corporate

Economy

Expressions

Markets

Leisure

 

Friday, July 10, 1998

Domestic wheat output to fall by 3% at 67 mt 

PRESS TRUST OF INDIA  
New Delhi, July 9: Wheat output in India is expected to fall by three per cent as compared to last year and would come down to 67 million tonnes during the current year, says the Food and Agriculture Organisation (FAO).

On the other hand its neighbours, Pakistan and Bangladesh would register a record wheat production during the current year due to various positive factors, it says.

Increased plantings, better availability of agricultural credit and increased use of fertiliser would ensure a record wheat crop for Pakistan that could touch 18 million tonnes, says the FAO in its latest ``Food Outlook''report.

In Bangladesh, a bumper wheat crop of about 1.8 million tonnes is anticipated reflecting favourable growing conditions, says the report.

However, output of wheat crop in Asia during 1998 is provisionally forecast at 248 million tonnes that would be about two million tonnes below last year's levels. In China, persisting drought conditions are reported to have affected winter crops in some major wheatgrowing areas.

Recent official reports in China indicate a two to four per cent fall in the output from the last year's record crop production of 124 million tonnes, says the FAO. Due to the anticipated fall in wheat production, India may have to resort to imports this year, says the FAO.

As a result of continuous fast growth in domestic consumption the centre will have to contain the rise in wheat prices, it says adding the Indian government recently decided to purchase large volumes of wheat from Australia.

Elsewhere in Asia, China's wheat purchases during 1997-98 are likely to fall to three million tonnes, some two million tonnes less than in the previous year due to the bumper crop of 124 million tonnes last year.

Wheat imports by iran are also estimated to decline sharply by 30 per cent during 1997-98 due to larger harvest and higher carryovers, the FAO said.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


Top


The Ambassador Group of Hotels

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Interested in Hi-tech ventures with Israel? Click here


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties