Food Crisis

[Guest]

<b>India May End Wheat, Rice Futures Ban Next Month on Record Crop</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The prospects for the winter crop are very good and the resumption in trading will not go against the producers or the consumers,” Khatua said.

Wheat output may exceed last year’s 78.4 million metric tons and production of monsoon-sown rice may reach 83.3 million tons, both records, according to the farm ministry. The winter-sown rice harvest may rise 3 percent to 14 million tons, it said.

Monsoon-sown rice contributes more than 85 percent of the country’s production of the cereal. The winter crop, planted in October, makes up the remainder.

“Ideally, we would like to resume trading before the winter crop arrives in the market,” toward the end of February, Khatua said. “The market doesn’t trade any major cereals at the moment and wheat and rice would be good additions.”
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Great. We may see price reduction in US also. Currently Indian products are very expensive.