World Perspectives
wheat softs

Indian Subcontinent Regional Analysis

India's wheat prices dropped at the start of this year's harvest, gradually increased and then stabilized at about Rs.17,000/MT ($250/MT) at the spot market. However, there is now a concern regarding the crop. Stable Wheat Prices; Disease Affects Crop in West Bengal India’s 2016/17 rabi wheat harvest is estimated at 96.6 MMT, but USDA has projected it to be 95 MMT as growing conditions are not optimal. The temperature has dropped since mid-February and not been very high during the day. As a result, Indian scientists and agronomists believe that it will be a good harvest this season. One reason suggested for USDA’s smaller forecast is the variability in temperatures during early February. At the time, they shot up during the daytime, whic...

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