World Perspectives
soy-oilseeds wheat livestock

Indian Subcontinent Regional Analysis

Government Increases Assured Wheat Price The Indian government (GOI) last week increased the minimum support price (MSP) for wheat by $11.81/MT, an increase of 5.05 percent. The new MSP will be 13,500 rupees ($245.45) per MT for wheat from the 2013/14 crop. Some say the price increase is a political compulsion and many are opposed to it. The state government, for example, wanted the MSP at 18,000 rupees ($327.27) per MT, which includes all input costs such as diesel, fertilizer, land rental and hiked labor costs. The GOI also allowed an additional 2.5 MMT of wheat from warehouses to be exported in an effort to clear space for the new crop. There are still three months before new crop arrivals begin. According to government statement, the...

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