Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Tue Jan 28, 2014 05:05 PM CST

The attached chart drawn from USDA data indicates India's wheat production growing from 68.64 million metric tonnes in 2005/06 to an estimated 92.46 mmt in 2013/14, with projections that the crop could reach 100 mmt. India remains the world's second largest producer next to China.

Meanwhile exports of wheat from India have also grown, with USDA reports indicating 89,000 mt exported in 2011/12, which jumped to 6.82 mmt in 2012/13 and is now forecast at 6.5 mmt for 2013/14.

While India's domestic policy is clearly one of self-sufficiency in food production, at issue is the growth in market support paid ...

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