2013 could be a very good year for wheat yields in India. The country is expecting a large crop of wheat in 2013 after late monsoon rains have helped to replenish soil moisture. If the yields are high enough, exports could be likely for the second year in a row.
When annual monsoon rains picked up after a slow start in June, Farm Minister Sharad Pawar told farmers to plant winter-sown crops, such as wheat, early so that they could cash in on good soil texture.
As a result, farmers planted 3 percent to 5 percent of the normal acreage, which is projected to increase to 40 percent to 60 percent by Nov. 20.
India is the largest consumer of wheat in the world and produced a record high in 2012. As a result, inventories have increased.
There is talk that India’s bumper crops could help restore world wheat stocks after Black Sea countries and the United States suffered through drought this past summer.