19.
12.16
16:38

India: declining production and increasing consumption

The U.S. agricultural Attaché in India estimates the 2016/17-wheat imports of the Asian country to 3.7 million tonnes; the USDA went out last of 3 million tons. Last year, India imported only 500,000 tons of wheat.
The wheat harvest in India is appreciated by the Attaché to 87 million tons, while the USDA is currently 90 million tons. In the previous year, 86.5 million tons of wheat were harvested there. The final stocks are valued by the Attaché now to eight million tonnes, significantly less than the USDA emanating from 11 million tons. The closing stock with 14.5 million tons was specified in the previous year.
India's wheat stocks have fallen steadily in recent years, inventories at 24.5 million tons five years ago. A declining production with rising consumption led to this development. First of all, it's no problem for India, because they could rely on high inventories. The exports were already being restricted.
Now the situation but coming to a head, as for the increasing demand for more wheat must be imported. Experts believe that this situation aggravated further in the coming years because the stocks have already reached a 9-year low.

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