- Cooler weather may improve wheat yields, with production expected to rise to 110 million tonnes.
- Prices remain above MSP but have softened due to higher market arrivals.
- Government launches Pashu Aushadhi Yojana for affordable veterinary medicines.
India’s wheat production for the current season is on track for an increase, provided the weather remains stable in the coming weeks. The return of cooler temperatures is beneficial for the crop, though unseasonal rain and hail in some areas have caused localized damage.
Despite a drop in wheat prices due to increased arrivals, they remain above the Minimum Support Price (MSP), offering relief to farmers. However, mustard seed prices have dipped below MSP, sparking discussions on raising import duties on edible oils.
Wheat Market Trends as Government Supports Farmers
The recent shift in weather patterns, with strong winds and a temperature drop, is expected to enhance wheat production across major growing states. Scientists suggest that an average daily temperature of 15-16°C is ideal for wheat, and the current conditions could help increase overall yields.
Market prices for wheat, while softening due to rising supply, remain higher than the MSP of ₹2,425 per quintal, ensuring profitability for farmers. In contrast, mustard seed prices have fallen below the MSP, reigniting concerns about import policies on edible oils. Experts argue that increasing duties on edible oil imports may help stabilize mustard prices.
The government has taken steps to support farmers through various policy measures, including opening a damage assessment portal for those affected by unseasonal weather. In parallel, the launch of Pashu Aushadhi Yojana aims to enhance livestock health by making affordable veterinary medicines widely available through government and cooperative outlets.
Agriculture Minister Shivraj Singh Chouhan emphasized that the government will adjust import and export policies as needed to protect domestic farmers and industries. This approach reflects a broader strategy to balance agricultural productivity with market stability while addressing key challenges in the sector.
The combination of favorable weather, price trends, and government initiatives points to a promising wheat season. However, concerns over mustard seed prices and import duties highlight the need for ongoing policy adjustments.
“Agriculture is the most healthful, most useful, and most noble employment of man.” — George Washington
