Cold Weather to Boost India Wheat to Record for Seventh Year
This article is for subscribers only.
Wheat output in India, the world’s second-biggest producer, may reach a record for a seventh year as cold weather boosts yield prospects and record domestic prices spur planting, potentially boosting exports. Futures in India fell for a seventh day.
Better soil moisture and below-average temperatures in the main growing states of Punjab and Haryana in the past three weeks have been beneficial for the crop, said Indu Sharma, director at the state-owned Directorate of Wheat Research. The harvest starting from April may climb from an all-time high of 93.9 million metric tons in 2011-2012, she said.